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Modi aide questions Rajan's focus on CPI to set rates

MR RAJAN: The RBI governor cut interest rates last week for the third time this year and said he'd wait to assess monsoon rains before acting again.


THE Indian government's top economic adviser took a swipe at central bank governor Raghuram Rajan's monetary policy, questioning whether his focus on consumer prices is appropriate in the current economic situation.

Prime Minister Narendra Modi's administration agreed with