Former RBI Governor Subbarao emphasizes the need for transparency in policy stance communication amid uncertainties.
He suggests that the RBI should provide guidance to the markets and the public to build confidence during times of economic uncertainty.
Subbarao views the upcoming interest rate decision as more challenging than previous ones, considering the uncertainties in inflation, global recession, tariffs, and weaker exports.
He cautions against government intervention to protect investors who have lost money in the stock market, emphasizing that volatility is inherent in the stock market and involves certain risks and rewards.