NEW DELHI: India’s new central bank chief Raghuram Rajan takes over the helm this week as the nation grapples with its worst financial crisis in decades, sparked by a plunging rupee, a record trade gap and a sharp economic slowdown.
Rajan, a high-profile former IMF chief economist renowned for predicting the 2008 global financial collapse, moves into the Reserve Bank of India’s office on Thursday, replacing his retiring predecessor Duvvuri Subbarao.
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