Economy RBI vs government: Something’s got to give Updated : October 18, 2019 11:43 PM IST The RBI is the custodian of financial and macroeconomic stability and best judge of the markets; undermining its independence will have an adverse effect. It is equally important to understand that the democratically elected government has the mandate to serve and its concerns always do not lead to political business cycles. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.