- Operational independence is important for a central bank to carry out its responsibilities.
- The International Monetary Fund (IMF) said “operational independence” of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
- The RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF.
Home Current Affairs Economics Operational independence of central banks important for carrying out their responsibilities, says...