India’s Central Bank in Focus

India should remain firmly in focus this week, as a new central bank governor takes the helm at a time of financial crisis in Asia’s third largest economy. He’s not the only central banker in the spotlight with the Reserve Bank of Australia and Bank of Japan scheduled to meet this week.

In China, economic data could be scrutinized closely for more signs of a pick-up in economic growth, while attention is likely to turn to the prospects for an unwinding of U.S. monetary stimulus with the release of the closely-watched U.S. non-farm payrolls report Friday.

Raghuram Rajan officially becomes the new governor of the Reserve Bank of India (RBI) this week, taking over as the rupee tumbled almost 20 percent against the dollar this year and confidence has been hit hard by India’s wide current-account deficit.


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