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“An image of efficiency and independence that RBI assiduously built up over decades by the strenuous efforts of its staff and judicious policy making has gone into smithereens in no time”, noted the letter.
The letter also criticized the finance ministry which has “imposed itself on RBI, which is absolutely unacceptable and deplorable.”
“May we request you that as the Governor of RBI, its highest functionary and protector of its autonomy and prestige, you will please do the needful urgently to do away with this unwarranted interference from the ministry of finance and assure accordingly as the staff feel humiliated,” said letter.
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(Sourced from agencies, feature image courtesy:oneindia.com)
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