The RBI defied expectations by keeping interest rates steady on Wednesday. The Indian central bank was expected to cut interest rates in light of the cash crunch following the announcement of demonetisation of Rs 500 and Rs 1000 notes.
But the central bank also made headlines for keeping the journalists of two international publications out of the governor’s press conference.
Stanley Pignal of The Economist tweeted about being denied access to the press conference and questioned the decision given he had covered previous press conferences. He also said it raised questions about transparency:
The BBC’s Sameer Hashmi also tweeted about being excluded:
The two reporters from the foreign media outlets were not given access to the press conference due to ‘space constraints’.
And the central bank has been getting slammed for this: