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Urjit Patel, who replaces Raghuram Rajan because the Governor of Reserve Bank of India from September 5, is prone to continue the central bank’s deal with bringing down inflation, clean up the bank balance sheets and infuse enough liquidity into the system.
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South Africa’s credit standing is set to be cut to junk standing this yr, based on a Reuters poll taken simply days after police summoned Finance Minister Pravin Gordhan.