Reserve Bank of India Governor Raghuram Rajan, has been conferred Euromoney’s Central Bank Governor of the Year Award 2014.
Rajan received the award in Washington on October 10, 2014.
According to a RBI statement, Euromoney said, “Reserve Bank of India Governor Raghuram Rajan’s tough monetary medicine combated the storm ravaging the deficit-ridden economy in the recent emerging market crisis.
"Now, he is battling vested interests to arouse a sleepy financial system for over one billion people.”
Euromoney observed that as he confronted capital outflows, the rupee at record lows, and over-blown but palpable, fears India was marching towards an Asia-crisis style abyss, Rajan duly administered tough monetary medicine to ailing bond and currency markets.