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COMMENTARY

India's new central bank governor has big shoes to fill

He is articulate, analytical, persuasive, discreet and more than capable of rising to the challenge.

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Mr Patel is certainly no monetary totemist; he understands well that interest rates are but one instrument to beat inflation.

TWENTY five years ago, I had a colleague at the International Monetary Fund (IMF) in Washington, DC. His name was Urjit Patel. I was delighted to see that he has just been appointed governor of the Reserve Bank of India (RBI) to succeed the incumbent, Raghuram Rajan. Investors, the business

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