Prime Minister Narendra Modi sank his finance minister's plans to strip powers from the Reserve Bank of Inida (RBI) last week, sources told Reuters, evidence of a new-found respect for the bank's governor and a recognition that Modi needs his calming influence on markets. When Modi came to power just under a year ago, the position of central bank boss Raghuram Rajan, an appointee of the outgoing Congress government, looked precarious. Senior members of Modi's Bharatiya Janata Party (BJP) chided Rajan for his tough stance on interest rates, which threatened the Prime ...