RBI autonomy important, retain its special status: Montek Singh Ahluwalia

RBI is special and that specialness should be retained, says Montek Singh Ahluwalia

Joining the debate on Reserve Bank's autonomy, former Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the special status of the central bank should be preserved.

"RBI is special and that specialness should be retained. It is better to have complete transparency...It is good idea to change regulation... The autonomy of Reserve Bank is extremely important and whatever is done in future, in my view, should be consistent with that objective," Ahluwalia said in an interview to CNBC-TV18.

"The whole idea of having central bank and also monetary committee is anchored on the notion that an independent central bank professionally run