Raghuram Rajan on the dangers of asset prices, policy spillovers and finance in India

Raghuram Rajan, Reserve Bank of India

You took on the role as governor of the Reserve Bank of India (RBI) at a difficult time in September last year. Did you have any conditions before you accepted the job, and how would you assess the success of your immediate objectives?

You do not enter this job with conditions. But I had a good understanding with the finance minister P Chidambaram and the prime minister Manmohan Singh. It was based on a sense that we would have to work out what was needed as time went on. There was a fair amount

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