Acharya makes pointed defence of RBI’s independence

rbi-tower
The RBI tower in Mumbai

Viral Acharya delivered a thinly veiled rebuke to the Indian government on October 26 as he gave a speech stressing the dangers of tampering with central bank independence.

The Reserve Bank of India’s deputy governor highlighted the general case for central bank independence before warning of “pockets of persistent weakness” in the RBI’s own autonomy from government.

Key areas in which the RBI feels its position is under threat include its ability to manage its balance sheet, its freedom to

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: