Demonetisation has hurt confidence in RBI, says S&P
The move to abolish high-value rupee notes has undermined confidence in the predictability and effectiveness of policy making in India, including of the RBI, financial services major Standard & Poor's said. "Demonetisation has cast a shadow over the RBI's competence and independence," director Kyran Curry said. This comes amid the RBI facing criticism for implementation of the demonetisation move.