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Raghuram Rajan, the common man's central banker

Beside bringing central banking to India's drawing rooms, Raghuram Rajan also built the RBI's credibility when other global central banks were fighting to preserve theirs

The common man's central banker

Thecommonmandoesnotgivemuchthoughttothesignatureonthecurrencynotesinhiswallet.Hecouldn'tcarelessabouttheexistenceofthecentralbankitself,ashehaslittlecontexttoitbeyondthecoinsandthenotes.So,barringafewpeoplewhohavesomeinterestintheeconomy,alargeproportionofthecountry'spopulationwouldn'tbeawareoftheReserveBankofIndia's(RBI)governor. However,whenthecentralbankgovernorwasRaghuramRajan,thesmartguywhopredictedtheglobalcreditcrisisthreeyearsbeforeitactuallyhappened,everyonehadto ...