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RBI autonomy fundamental, we have to maintain it: Bimal Jalan

On the impact of demonetisation, he said that there would be a decline in the rate of growth

Press Trust of India  |  New Delhi 

A day after former RBI governor Y V Reddy flagged 'reputational risk' being faced by the central bank, another former governor Bimal Jalan on Tuesday said its autonomy is fundamental and needs to be maintained. "...The autonomy of the RBI — that is a very fundamental fact and we have to maintain it and I hope the government would give attention to that part also," Jalan said in an interview to CNBC TV18. Reddy regretted on Monday that the institutional identity of Reserve Bank of India has been damaged and stressed that for central bank ...

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First Published: Tue, January 10 2017. 16:22 IST
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