RBI-Fly in a bottle

TCA Raghvan in BS summarizes very important incidences regarding independence of RBI.

The best one:

But in the end its independence was best summed up by Y V Reddy (2003 to 2008). Asked about RBI independence he said: “It is totally free – within the limits set by the government.”

More philosophically, I might ask, is a fly in a bottle free or captive?

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