Friday, January 4, 2013

RBI chief stresses need for independence in monetary policy


MUMBAI: The Reserve Bank of India Governor Duvvuri Subbarao said on Thursday central banks need to be independent to make monetary policy decisions during a speech at a memorial event for the country’s first Indian central bank governor. The remarks come at a time when Subbarao is under immense pressure from the government to cut interest rates.......


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