US ratings agency with their thoughts on RBI governor Rajan stepping down 20 June 2016
- from a rating perspective policies are more important than personalities
- the problems associated with both high inflation and weak bank balance sheets have been recognised and policy makers are doing something about it
- suggests support for these policies beyond the governor
I reported on Rajan's announcement at the week-end. The rupee came under some pressure today on the uncertainties the relatively surprising decision brings with it.
