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On face-off between RBI and govt, Raghuram Rajan backs central bank's cause

Former Reserve Bank of India Governor Raghuram Rajan says nation stands to benefit from an independent and robust RBI.

Reuters  |  MUMBAI 

 Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI. In an interview on CNBC-TV 18 telecast on Tuesday Rajan said current rift between the central bank and the government can be resolved if both sides respect each other's intent and autonomy. "As far as possible, it is in the interest of the country that we respect the institutional autonomy of the Reserve Bank, as well as the traditions," Rajan, who ...

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First Published: Tue, November 06 2018. 12:22 IST
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