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RBI vs. Government: The government blinks

The much awaited meeting of the Reserve Bank board of directors, finally took place yesterday, minus the fireworks in the preceding weeks and the doomsday scenario that some had predicted. There were no resignations or conflicts traded to rile the markets. If the reports are true, the meeting was held in a cordial and business like atmosphere, with no homilies or taunting tweets and both sides moving away from their extreme positions. What is it that led to such cordial state of affairs between the two sides? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights and takes on the matter in this exclusive video.

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