Lot of Economists are now commenting
How the squandering of $ 70 bn of Forex Reserves to keep the INR stable not only could have triggered Financial Instability but also how huge INR buying while selling dollars has contributed to the huge liquidity squeeze the economy is facing today

I have been pointing this out for months and was criticized by Das supporters mainly with the argument that " He is RBI Governor and knows better than you"
Well the "Chickens are coming home to roost now"