RBI's Rajan says the euro is too strong - Central Banking
India's central bank governor takes unusual step of commenting on another country's exchange rate
The euro is too strong for its fundamentals and the eurozone is struggling with the same problems as emerging market (EM) economies, as yield-chasing money inflows inflate exchange rates and distort asset prices, Raghuram Rajan, the new governor of the Reserve Bank of India (RBI) told FX Week's sister publication, Central Banking, in an interview.
Discussing policy spillover effects, such as the battering taken by EM assets last year after the Federal Reserve first hinted at tapering its
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