All those directly interested in the Indian economy were eagerly
waiting to see what the Governor of the Reserve bank of India Dr.
Raghuram Rajan would do on Sept. 30, 2014. It was the day when the RBI
would announce its latest monetary policy. The RBI would determine the
lending policies of banks and also the quantum of money available for business
activity. Ever since Dr. Raghuram Rajan became the Governor of the RBI,
he maintained that he would be a tough anti-inflation fighter and that
he would not swerve from this objective.
