Raghuram Rajan urges Fed to raise rates to contain inflation
· thehindubusinessline.com
Raghuram Rajan says the Fed should raise rates to contain inflation, while noting strong US investment, fiscal deficit and consumer spending are supporting growth.
In a recent interview, Governor Sanjay Malhotra said the RBI expected at least $80 billion in foreign-currency inflows from its recent measures.
“The Fed sho...