Don’t miss the latest developments in business and finance.

FM says govt respects autonomy, independence of RBI

Image
Press Trust of India New Delhi
Last Updated : Dec 14 2018 | 6:55 PM IST

Finance Minister Arun Jaitley Friday said the government respects autonomy and independence of the RBI and raising credit and liquidity issues do not infringe on the central bank's autonomy.

"If the sovereign government is pointing out that there are credit and liquidity issues in the country, how can it be infringing the autonomy," he said.

The statement came days after Urjit Patel resigned as Governor of Reserve Bank of India amid talk of a face-off with the government over autonomy and independence of the central bank.

"The government respects autonomy and independence of central bank," Jaitley said, adding that he hopes "things will work out well in future".

Also Read

First Published: Dec 14 2018 | 6:55 PM IST

Next Story