The decision to raise interest rates by an unexpected 50 bps wasn't the only closely-guarded secret in the Reserve Bank of India. There is something else that the central bank may choose to keep it under wraps forever. But the word is out that two senior RBI officials are battling charges of sexual harassment. One of the complainants, say insiders, is a trainee. The fate of the two officers will possibly depend on the findings of an internal RBI panel that is expected to look into the matter. A year ago, a senior official in RBI was forced to resign when a friend and colleague for years turned hostile. Minor irritants, some say, for a staid, conservative organisation with the task to rein in inflation.
ET
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