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While eminent experts are divided in their opinion on whether Raghuram Rajan ought to have been offered a second term or not as RBI Governor, all are unanimous that NAMO handled the issue in a clumsy manner and has suffered a “self goal”
Swaminathan S Anklesaria Aiyar, an economist, has sent the bone-chilling warning that if Raghuram Rajan, the RBI Governor, is not given a second term, there will be draconian consequences. He warns that as much as 100 billion will flow out, stock markets will crash, currency markets will panic and India will be severely bruised
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