He has his own Twitter account and is more open to the media, giving interviews to local and foreign media including Bloomberg News. A recent example being the central bank’s reservations toward the finance ministry’s proposal for what would have been India’s first overseas sovereign bond issue. He’s cut five times this year, by a cumulative 135 basis points.A test of Das’s ability to keep the government onside now presents itself given inflation has climbed back above the central bank’s medium-term target of 4%. “The risk of having multiple responsibilities is that poor performance in one dimension can strain the institution’s credibility and effectiveness in other dimensions.”This is the first in a series of stories looking at the challenges confronting Asia’s three biggest central banks. The Bank of Japan’s struggle to reflate the economy is explored on Tuesday and the People’s Bank of China’s balancing act between stimulus and debt control is examined on Wednesday.

Source: Economic Times November 18, 2019 03:00 UTC