RBI's Rajan sets out vision for ‘inclusive development'
In his first statement as governor of the Reserve Bank of India (RBI), Raghuram Rajan today outlined his vision to reform India's financial system – including a raft of initiatives on financial inclusion, and short-term measures to help ease the country's currency woes.
Rajan, who assumed office today, said a special concessional window allowing banks to swap foreign currency non-residential (FCNR) dollar funds until November 30 will "help our banks bring in safe money to fund our current
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