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India's 'rock star' banker: We do not need IMF money

30 October 2013 Last updated at 12:02 GMT

India's new central bank governor, Raghuram Rajan, says that India has enough money to pay for all of its short-term debts tomorrow if it is needed and is not in danger of a crisis.

Giving his first international interview in the post, he said the country had reserves equal to 15% of GDP and, "we're actually lending money to the IMF".

He has been dubbed "India's rock star central banker" - he told BBC chief business correspondent Linda Yueh it would end when people realised that, "central bankers are boring conservative people".

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