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Rajan must solve a tough 'trilemma'

The change of guard at the Reserve Bank of India (RBI) has come at a time when the economy is battling to claw out of a decade-low crisis. The tenure of Duvvuri Subbarao, from whom Raghuram G Rajan will take over as India's central bank chief in September, has been dominated by a tug-of-war between rising inflation and sliding growth.

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