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Tension between RBI and government still simmers

Updated : November 05, 2018 10:12 AM IST

Rupee trading at less than 73 to a dollar, Brent crude below $73 a barrel, markets up by over 4% during the week and bond yields below 7.8%. Wrath of the markets?: Subhash Chandra Garg tweeted.
Viral Acharya, in his speech last week, said: “governments that do not respect central bank independence will sooner or later incur the wrath of financial markets”. 
Tension between RBI and government still simmers
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