Subbarao's stint: A Bheeshma facing Abhimanyu’s fate

As Raghuram Rajan gets ready to take over at Mint Street, outgoing governor Duvvuri Subbarao's five-year tenure at the RBI resembles that of a middle distance runner who has a shaky start, accelerates in the middle, but falters at the finish. Subbarao drove into Mint Street in September 2008 during the financial meltdown. Policy choices then were more in the hands of the US Fed. The best option was to follow the leader, and Subbarao did that. 

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