Viral Acharya resigned as a Deputy Governor of the Reserve Bank of India (RBI) six months ahead of the scheduled end of his term.
Dr Acharya is said to have cited “unavoidable personal reasons” for his decision. But let’s not forget that his unease and differences with Governor Shaktikanta Das on policy issues were all too palpable.
So, was this exit in the offing? Has RBI become an unfriendly place for dissenters?
We caught up with MC Govardhana Rangan, Banking Editor at The Economic Times to understand the real reasons behind Acharya’s exit and if it could have an impact on RBI’s money policy going ahead .
Hello sir, welcome to the show.
>How do you look at Viral Acharya’s resignation as RBI’s deputy governor? Do you think it was something waiting to happen?
>Markets have not reacted much to the news. But does it in some way give an impression that there is no place for divergent views at the central bank?
>Acharya was being seen as a hawk in a central bank setup, which has turned more and more dovish in recent months. Will this development in a way make RBI more dovish, paving way for more rate cuts?
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ETMarkets Special Podcast: Acharya’s exit was waiting to happen – Economic Times