Dr Duvvuri Subbarao at Manthan ( #195 )on 'Who Moved My Interest Rate?'
750 views · Published 26 September 2016 · 1:35:54 · Indexed 27 September 2026
Channel: Manthan India · 2016 · Nonprofits & Activism
Duvvuri Subbarao’s term as the governor of the Reserve Bank of India from 2008 to 2013 was by all accounts an unusually turbulent period for the world and for India. The global financial crisis erupted within a week of his assuming office. Then, just as the impact of the crisis on India ebbed, the action shifted to combating a decade-high, stubborn inflation during 2009-11, which segued into a battle against a sharp depreciation of the rupee starting mid-2012. ‘Who Moved My Interest Rate’ is an insider’s account of the dilemmas and quandaries Subbarao confronted while leading the Reserve Bank through these extraordinary economic and political challenges.
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