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India's Rate Hikes: Room for More?

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India's Rate Hikes: Room for More?
AIRED:
India's economy may be growing at its slowest pace in a decade, but that isn't stopping so-called 'rock star' central bank chief Raghuram Rajan's battle to control runaway prices. The ex-IMF and University of Chicago heavyweight raised interest rates for a second straight month, despite markets bracing for the unwinding of U.S. stimulus and recent downgrades to the country's outlook. So is the governor's tough medicine likely to return the economy, and the ailing rupee currency, to health?moreless
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