Rajan Will Emphasise Financial Reform: Gita Gopinath
  • Elizabeth George
  • Sep 20 2013

September 20: The reason markets rallied and the rupee recovered on RBI Governor Raghunath Rajan’s first speech is because he suggested implementation of reforms, says Gita Gopinath, Professor of Economics at Harvard University. Rajan can now be expected to signal that the RBI will provide a stable environment for the currency, she says, adding that the emphasis will still be that much can be attained through financial reform.