RBI's independence under threat, says former chief general manager

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The Reserve Bank of India (RBI) is the latest in a string of central banks whose legal independence is under threat from proposed or actual changes to its mandate, according to a forthcoming piece in the Central Banking Journal.

Grace Koshie, a former chief general manager and secretary to the board at the RBI, says de jure independence is a "necessary" condition for independence as a whole, and warns that governments may be impinging upon it in a host of countries across the globe.

In India, th

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