According its research note, the jump in volatility following the tightening of liquidity by the RBI on July 15 is likely to move lower and current levels could prove an attractive entry point into the market.

Raghuram Rajan, the former University of Chicago professor, who has also served as chief economist with the International Monetary Fund, brings global stature to a post monopolised by the Indian Administrative Service lobby in recent years.

A former IMF Chief Economist Rajan joins the RBI at a time when the government is battling industrial slowdown, declining rupee, rising prices and all-time high Current Account Deficit (CAD).

Hailing the announcement of Raghuram G Rajan as the new RBI Governor, India Inc on Tuesday said the appointment of the former IMF Chief Economist will help bring the economy back on growth path.

Rajan is a high risk choice not on account of any shortcoming in his professional credentials but that being the RBI governor involves navigating political minefields. Will he be able to do it, asks Sanjiv Shankaran?

He will replace D Subbarao, who completes his five-year term on September 4, and will be the 23rd Governor of the central bank.

It is because he comes across as one who is confused about the realities monetary policy has to confront. Someone has to tell the finance ministry that the world has changed since the early 1990s.

The Indian rupee plunged to all-time intra-day low of 61.80 against the US dollar but erased all the losses to end with a gain of 11 paise at 60.77.

RBI pushes up interest rates to protect the rupee but tries to sidestep the consequences. With the rupee moving largely in one direction, the RBI seemed to believe this was a low risk opportunity exploited by the financial sector.

The second Business Today-Morningstar Asset Allocation Survey survey, for the July-to-September quarter, polled 11 fund managers on the outlook for the Indian economy and markets.

In a move to ease rupee volatility, the RBI came out with a slew of steps including hiking the lending rates for banks and sucking up of Rs 12,000 cr, to make the currency dearer. RBI raised lending rates to commercial banks 2 per cent to 10.25 per cent making the loans costlier.

The currency has lost half its value since touching a record high of 39.13 to a US dollar in October 2007.

Forex traders said there were no visible signs of intervention from the Reserve Bank of India to arrest the slide. Experts are already forecasting the battered rupee to sink further to near 60-levels.

Mahendra Singh Dhoni is India's most successful Test cricket captain. His 22nd victory as skipper, achieved in Hyderabad against Australia recently, took him past Sourav Ganguly's 21 victories

It is clear that there will be a softening of interest rates only from January, going by RBI's guidance in October. The central bank says headline inflation has been below the RBI's projected levels in the last two months.

The government's Chief Economic Advisor Raghuram Rajan has said he'll look forward to the good news of easing policy stance from the Reserve Bank of India (RBI) in January.

Finance Minister P. Chidambaram's public display of annoyance with Reserve Bank of India Governor D. Subbarao indicates the extent of their differences.

The wrenching churn of global equity markets may just be the perfect setting to usher in India's next growth wave: reforms of its institutions that have played an important role in its high growth. However, the key question remains - whether India's institutions are up to dealing with an economy on the threshold of touching $2 trillion.

There was a compelling argument for setting up the FSDC despite reservations among regulatory bodies like the RBI or SEBI, says Vinod Dhall.

Duvvuri Subbarao was appointed the 22nd governor of the Reserve Bank of India on September 1, 2008, and took charge of Mint Street from Y.V. Reddy, when his term ended on September 5. Subbarao, 59, an IAS officer, topped the batch of 1972 and belongs to the Andhra Pradesh cadre.