Raghuram Rajan picked as RBI governor


The economist widely credited as being one of the first to predict the global financial crisis, Raghuram Rajan, has been appointed to lead the Reserve Bank of India (RBI) - replacing Duvvuri Subbarao on a three-year term.

Rajan has spent most of the last year as chief economic adviser in the Indian government's finance ministry, as well as holding a post as professor of finance at the University of Chicago Booth School of Business. He served as the IMF's chief economist from 2003-2006 - the youn

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