(Originally published on WSJ Online on February 13, 2012. Republished with permission from Wall Street Journal.) Reserve Bank of India Gov. Duvvuri Subbarao sat down with The Wall Street Journal to talk about his efforts to restart India's growth engine and to fight persistent inflation. Speaking from the 18th floor of the Reserve Bank headquarters overlooking Mumbai, Mr. Subbaro touched on a range of issues, including the RBI's efforts to stabilize the plunging rupee

Reserve Bank of India (RBI) deputy governor Subir Gokarn, who is in charge of monetary policymaking, has ruled out any central bank action immediately after the Union Budget on 26 February and ahead of RBI’s annual monetary policy review in April, unless there is a dramatic slowdown globally. In an interview on Saturday, he also said exit from monetary stimulus “is not an event and it is a process” that started in October with an increase in banks’ statutory liquidity