Why India’s Modi wants to increase control over the central bank

Narendra Modi, India's prime minister, speaks during a news conference in Tokyo, Japan October 29, 2018. Kiyoshi Ota/Pool via Reuters

MUMBAI/NEW DELHI (Reuters) – An incendiary speech by a top Reserve Bank of India (RBI) official last Friday blew the lid off an increasingly toxic dispute between the central bank and the government of Prime Minister Narendra Modi over monetary policy and who controls the institution’s reserves. While historically there have been differences between the […]

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