RBI Governor Stresses Central Bank Independence Amidst Fed Investigation
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RBI Governor Stresses Central Bank Independence Amidst Fed Investigation

Reserve Bank of India Governor Shaktikanta Das emphasized the critical importance of central bank independence, stating it must be collectively preserved across jurisdictions. His remarks followed a criminal investigation opened against Federal Reserve Chairman Jerome Powell concerning building renovations at the Fed headquarters. Powell indicated the investigation relates to the Fed setting interest rates based on economic assessments rather than political preferences. India's economy, driven by domestic demand, is experiencing high growth amidst global uncertainties, according to Das.

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