date:Sep 17, 2013
o 5.8 percent from 5.79 percent in July.
Monday's data is a grim reminder of the economic pressures facing the new central bank governor as he steps in to deal with India's worst economic crisis in more than 20 years.
Rajan has already warned he does not have a magic wand, but as he has been dubbed The Guv by a gushing Indian media hopes are high that he can find a formula to calm inflationary pressure, stabilise the rupee and at the same time spark a revival in economic growth.
The higher in