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India's departing central banker offers a fresh warning

Raghuram Rajan says low interest rates globally could distort markets and would be difficult to abandon
Tuesday, September 6, 2016 - 05:50

Mumbai

THREE years before the 2008 global financial crisis, an Indian economist named Raghuram Rajan presciently warned a sceptical audience of top economic thinkers that excessive risk threatened the entire global financial system.

As Mr Rajan stepped down on Sunday as India's top

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