..................D Subbarao responded later to the criticisms about his record as central bank governor. He was man enough to admit that he may have got it wrong on monetary policy, but he also gave a parting shot to the government and specifically the finance minister. But surely, Dr Subbarao cannot pass the buck entirely; he has to bear some of the responsibility for allowing the rupee to stay too long at a level that priced out exports and caused the gaping current account deficit for which he blames the government.........
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