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If you flaunt while owing a lot, it suggests you don't care: Raghuram Rajan

Interview with Governor, Reserve Bank of India

Shekhar Gupta  |  Davos 

Reserve Bank of India Governor Raghuram Rajan feels the markets are volatile because they don’t really know the true level of their fundamentals; they are trying to find a level. In Davos for the World Economic Forum, Rajan also tells Shekhar Gupta on NDTV’s Walk the Talk show that some big bank defaulters, in fact, increase the cost of borrowing for everybody. Edited excerpts: This morning here in Davos is cold, and so is the market mood... The markets have been very volatile this time. What we really have is a world economy where central banks pump up market prices quite ...

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First Published: Wed, January 27 2016. 23:30 IST
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