Reserve Bank Governor Urjit Patel, who faced the possibility of an unprecedented action from the government over differences on a variety of issues, Monday resigned from his job citing personal reasons.
Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
He was hand-picked by the BJP-led government after his predecessor Raghuram Rajan was denied a second-term.
Nov 3: Economic affairs secretary S C Garg cites improvements in market indices, the rupee and crude to make light of Acharya’s “wrath of markets” remarks
Nov 9: Garg says discussions are on to fix an “appropriate economic capital framework for the RBI” and says the government does not want the RBI’s money.
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