Urjit Patel is the first macroeconomist to take charge of RBI in over a decade. While there is no crisis, he faces challenges of a different kind
The widening rift between the Finance Ministry and the RBI takes a heavy toll on the economy
Rajan believes that it is too early to be complacent about inflation. For him, it is too risky to cut rates now. The reality is that Rajan isn’t likely to get a more benign scenario for a rate cut