Subbarao alleged that the finance ministry, led by Pranab Mukherjee, and P Chidambaram, pressed the RBI to lower interest rates and create a more positive picture of development to boost the confidence of people in the government.
Pranab Mukherjee in his memoirs 'The Presidential Years', which is slated to release in January 2021, recounts his days from remote village in Bengal to becoming President of India.