Conventional wisdom says while the government and the Reserve Bank of India (RBI) agree to disagree on certain issues, it is the monetary policy that has the final seal of approval of both parties. But, as a "tell-all" book by former RBI Governor Duvvuri Subbarao says, the reality is quite different.

Subbarao steered the central bank at a difficult period between September 2008 and 2013. The surprisingly frank book - Who Moved My Interest Rate - Leading the Reserve Bank of India through Five Turbulent Years (to be released on Friday), is replete with stories of how finance ...