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New India central bank chief announces reforms

September 4, 2013 • Business


Newly appointed Governor of the Reserve Bank of India (RBI) Raghuram Rajan addresses a press conference at the RBI headquarters in Mumbai, India, Wednesday, Sept. 4, 2013. (AP Photo/Rajanish Kakade)

MUMBAI, India (AP) — India’s new central bank chief kicked off his first day in office Wednesday by announcing short-term measures to boost confidence as the troubled Indian economy slows and the currency tumbles.

Under pressure amid fears of an economic crisis, Raghuram Rajan acknowledged he is Login to read more

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