Urjit Patel: India’s RBI governor quits
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Reuters
Rumours have been swirling around Mr Patel’s resignation for weeks
The governor of India’s central bank, Urjit Patel, has resigned from his post citing “personal reasons”.
His resignation comes amid reports of a rift between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government,
This marks the first time a serving governor has left his job midway through his five-year term.
Correspondents say the move is likely to undermine confidence in the economy and cause the rupee to fall.
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