Rajan Successor Must Guard Autonomy, Former India RBI Chief Says

  • Former chief Subbarao says low inflation is in public interest
  • Subbarao writes on often fraught relationship with government

Duvvuri Subbarao.

Photographer: Kuni Takahashi/Bloomberg

Whoever replaces Governor Raghuram Rajan must continue to preserve the independence of India’s central bank, said Duvvuri Subbarao, his predecessor at the 81-year-old institution.

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