RBI standoff ends in compromise after marathon meeting

reserve-bank-of-india

The Reserve Bank of India and government have reached an agreement that looks set to dispel recent tensions, as both sides offered concessions during a marathon board meeting today (November 19).

The meeting pitted several government-appointed board members who wanted the central bank to do more to support Indian growth and alleviate budget pressures against RBI staff concerned over possible threats to the central bank’s independence.

After nine hours of talks, officials managed to avoid the

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 indvidual account here: