NEW YORK,NY - The Indian rupee slumped as investors reacted to the news that Reserve Bank of India Governor Raghuram Rajan will return to academia in early September,turning down a second term as governor of the Reserve Bank of India. Rajan’s decision was conveyed in an 888-word letter by him to the RBI staff on June 18, — one in which he has listed what the central bank has managed to achieve in the past three years and what remains...
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