An open letter to the RBI governor

Central banking is a science, not an art. By experience, expertise and intuition, most past RBI governors have done a phenomenal job, writes Tamal Bandyopadhyay

Dear Governor,
 

The day you took over as India’s chief money man, you tweeted: “Assumed charge as governor, Reserve Bank of India. Thank you each and everyone for your good wishes.” 

A few days later, after the board meeting, you tweeted again: “Good meeting of RBI central board. Wide ranging issues discussed.”

I don’t know about global central bankers but this is the first time a Reserve Bank of India (RBI) governor is using social media to communicate. You have ushered in glasnost on Mint Road. Thank you.

If this is unheard of in the RBI’s history, the series of