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Raghuram Rajan is appointed as the Reserve Bank of India Governor for a three year term, successor to Dr. Subbarao whose term ends on September 4th. Mr. Rajan expected to balance out Central Bank and Government objectives amidst tricky fundamentals.. Get more info about Raghuram Rajan here- http://mcxhnitips.blogspot.in/2013/08/raghuram-rajan-is-appointed-as-rbi.html

In line with market expectations, RBI governor Raghuram Rajan on Tuesday kept the repo rate unchanged at 6.75%. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per cent by March 2017,

Indian stock market witnessed a sharp decline on the first day of trading of this week today. On the Opening bell of Indian Equity market sensex fell to 1000 points. This is the largest decline in the index since June 16. while Nifty fell below 8000 levels and declined by over 250 points. Rupee also has gone beyond 66 against the US dollar. Things are so degraded that the central bank governor had to give a statement. Governor Raghuram Rajan said not to fear in investing.... Read more here- http://www.pinnaclefinancial.in/blog/sensex-fell-1000-nifty-tips-below-8000/