Duvvuri Subbarao, 67 Subbarao was the governor of the Reserve Bank of India between 5 September 2008 and 4 September 2013. But that is the very rationale for giving the central bank autonomy. I would certainly advise that the Reserve Bank policy be re-enunciated to build in the various objectives and also to be more specific. The RBI has to assert its autonomy because that is critical to the credibility of the Reserve Bank on monetary and regulatory policies. So I thought making people understand what the RBI does and why it does what it does would enhance understanding of the central bank.

Source: Mint July 25, 2016 20:37 UTC