RBI vs Government: IMF says monitoring situation in India; bats for RBI's independence
Updated : November 02, 2018 09:43:51 IST
"We're monitoring the development on that issue and will continue to do so," International Monetary Fund (IMF) Director of Communications Gerry Rice told reporters on Thursday when asked about the row.
"Just stepping back, as a general principal, and we've said this before. I've said this before standing here that we support clear lines of responsibility and accountability... And, international best practice is that there should be no government or industry interference that compromises the independence of the central bank and financial supervisor," Rice said.