Hints and tips:
...In the past he has often argued against RBI policy, and was one of the most prominent critics of Raghuram Rajan, the previous bank governor....
...When Swaminathan Gurumurthy took his seat on Wednesday alongside the other 16 board members of the Reserve Bank of India for their monthly meeting, he cut an unlikely figure....
...Mr Rajan backed inflation targeting, and the government eventually accepted it. Mr Patel’s appointment signifies a continuation of Mr Rajan’s policies, which the markets will cheer....
...If he postpones it for a second time, humiliating Mr Rajan in the process, foreign investors may conclude that India has lost the plot....
...Raghuram Rajan, the central bank governor, is openly sceptical....
...But Mr Rajan is now Mr Chidambaram’s chief adviser....
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