Comparison to Venezuela is close to absurd. Look at the economic indicator and outlook for growth.
Quite the contrary, not believing a highly qualified and "on the job" deputy governor that too after the dramatic ILFS and IDBI collapse, not to forget the massive banks NPA is close to absolute stupidity.
Thanks to the media and IMF dire warnings, which stopped the govt from raiding the RBI reserves. They were forced to appoint the panel led by Bimal Jalan to study on the reserves.