Mumbai: Few central bankers in emerging markets have been as internationally lionized as Raghuram G. Rajan of India.
Rajan, the governor of the Reserve Bank of India, has been honored with awards this winter for his role in helping to bring momentum back to the country's economy. His unexpected interest rate cut Thursday helped strengthen emerging market stocks around the world.
At home, the view is less favorable, as Rajan finds himself caught in a political struggle.
@2015 New York Times News Service