.......Previous RBI Governors, including Mr. Subbarao’s predecessor Y.V. Reddy, would only share their outlook on India’s economy and interest rates once a quarter, and then in language that was almost impenetrable. Mr. Subbarao changed the rules. He instituted mid-quarter policy meetings and set up calls with analysts to get inputs on the economy. The bank began to release the minutes of its advisory committee meetings on interest rates. “At a very personal level, I would like to de-mystify the office of the Governor,” Mr. Subbarao said in 2009......
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