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Sensex Since Rajan Became RBI Governor
Jun 20, 2016

I remember the time when Raghuram Rajan took charge as the governor of the RBI. It was early September, 2013. The Indian economy was on shaky grounds. Inflation was raging high. We were sitting on a huge current account deficit. The Indian rupee was in a freefall against the US dollar. The forex reserves were shrinking at an alarming rate. There was panic in the stock markets.

Certainly, a very challenging time to take the office of RBI governor. From the time Dr Rajan assumed office, he recognized that inflation control had to be his prime target. And through his determined efforts to contain inflation, he brought a sense of stability to the Indian economy.

Today's chart of the day shows how the Indian stock markets have performed since Dr Rajan became RBI governor...

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - Take a Bow Dr Rajan

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