Draghi and Rajan strike deal on cooperation

Mario Draghi of the European Central Bank
Mario Draghi

European Central Bank (ECB) president Mario Draghi and Reserve Bank of India (RBI) governor Raghuram Rajan have signed a deal to strengthen collaboration between the two central banks.

The memorandum of understanding (MoU) on "cooperation in the field of central banking" was signed by Draghi and Rajan earlier today on the sidelines of a meeting between central bank governors in Basel, Switzerland.

It establishes a framework for "regular exchange of information, policy dialogue and technical coop

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