Shumita Sharma Deveshwar

Director, India Research
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Indian Reserve Bank seeks to regain its own voice

Overview

The reputational hit that the Reserve Bank of India suffered owing to the poorly planned demonetization drive and the ensuing policy flip-flops cast doubt on the institution’s credibility; in recent months, former central bank heads and current employees all raised such concerns. But now that it has put demonetization behind itself, the Reserve Bank appears to be returning to a basic, conservative policy....

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