Tough love: India's new central banker hikes rates

Associated Press
Tough love: India's new central banker hikes rates

FILE - In this Wednesday, Sept. 4, 2013 file photo, newly appointed Governor of the Reserve Bank of India (RBI) Raghuram Rajan attends a press conference at the RBI headquarters in Mumbai, India. Rajan leads his first monetary policy review Friday as the country looks to the respected former IMF chief economist to rescue Asia's third-largest economy from slow growth, high inflation and a weakened currency. (AP Photo/Rajanish Kakade)

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