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RBI needs to be more independent: Dy Governor

Oct 27, 2018 09:42 IST

The RBI needs to be more independent to improve macroeconomic stability, its deputy governor, Viral Acharya, said on Friday. Acharya warned that undermining a central bank's independence could be "potentially catastrophic". His comments come amid government efforts to create a separate regulator for the country's payments system - which is currently handled by the RBI

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