India's finance ministry says central bank autonomy 'essential'

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India's finance ministry says central bank autonomy 'essential'
Nederland Laatste Nieuws,Nederland Headlines

India's finance ministry says the autonomy of the Reserve Bank of India is 'essential', in an attempt to dampen a spat between the government and the central bank

 

Nederland Laatste Nieuws, Nederland Headlines

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Indian stocks on a tear since central-bank shakeupIndian stocks on a tear since central-bank shakeupIndia lost its top central banker this week. That has fed a stock-market rally, despite fears about the independence of monetary policy. What's Happening Indian equities have been on a tear since the shake up at the Reserve Bank of India. The Nifty 50 index has surged 2.4% in two trading sessions since Monday, when Urjit Patel stepped down as head of the central bank after the market closed.
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