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Respect RBI autonomy: Govt clarifies on tussle

Oct 31, 2018 13:42 IST

The govt has clarified on the tussle with the RBI after media reports that governor Urjit Patel my quit. The govt has said that it respects and nurtures the autonomy of RBI. It added that consultations with the RBI are an ongoing process and only final decisions must come out in public. It emphasised that govt and central bank both must be guided by interests of economy, reiterating that autonomy with the RBI act framework is essential

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