Former Reserve Bank of India (RBI) Governor Y V Reddy has said if he were occupying that position now, he would have advised the government against demonetisation. “If overruled, I would have admitted myself in hospital and resigned after some time,” Reddy said in NDTV’s Walk The Talk programme telecast on Friday evening.

In criticism of RBI following the currency squeeze sparked by cancellation of Rs 500 and Rs 1,000 notes announced on November 8, Reddy said the central bank's identity seems to have been dented and its autonomy diluted. “I am pained that ...