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Rajan wants global rules of conduct for central banks

RBI governor wants them to adopt a system for assessing the wider impact of their actions

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"We need new rules of the game, enforced impartially by multilateral organisations, to ensure countries adhere to international responsibilities," says Mr Rajan.

Mumbai

RESERVE Bank of India (RBI) governor Raghuram Rajan called for global central banks to adopt a system for assessing the wider impact of their actions, including unconventional monetary policies now in use.

Mr Rajan proposed on Saturday that a group of academics should

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