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Reserve Bank of India Incoming Chief Says Economy “Fundamentally Sound”

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The new governor of the Reserve Bank of India, Raghuram Rajan, said on Wednesday the country’s economy was “fundamentally sound” and had a “bright future” in his first remarks after taking the helm at the central bank earlier in the day.

Rajan said the government would look to reduce investments by banks in government bonds “in a calibrated manner”. He added the RBI would work together with the government and the market regulator to steadily liberalize markets.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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