A reasonable view of the situation.
We would like them suddenly declare they are all for Bitcoin, we have to understand that they can't take decisions lightly. Besides, when the warning was issued last time, I thought it was not so bad, after all if it made some Indians stay away from investing at that time, it saved their money. So in hindsight they made the correct announcement.
Mr. Rajan has an uncanny ability to predict things in financial world, before the rest of the world. He also predicted 2008 recession while serving at IMF, while everyone opposed him.