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New Governor of India’s Central Bank takes charge

NEW DELHI -- The Indian central bank's new governor,  Shaktikanta Das (pic) took charge on Wednesday following the unexpected resignation of his predecessor. Das, 61,...

Indians suffer, business stutters as cash runs short

New Delhi  – The buzz has left India's marketplaces and its offices. Instead, it's moved to spots outside banks and in front of cash...

Manic rush at Indian banks as customers swap defunct currency notes

New Delhi - Indians waited in long queues outside banks on Thursday to exchange money after the country's highest-denomination currency notes were withdrawn as part...

Raghuram Rajan to be the new RBI governor

AUG 7- Chief Economic Advisor Raghuram G Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI). Rajan will replace...