Raghuram Rajan, the new governor of India's central bank, swept into office this week infusing a sense of optimism.
He announced hard-headed measures Wednesday that remove uncertainty that has characterized the Reserve Bank of India's moves.
By Friday, Indian equities and the rupee were clawing back.
But analysts say the exuberance — and honeymoon with the suave MIT-trained economist — is unlikely to last.
After decadelong high growth rates, India is now the sick man of Asia.