'Poll outcome unexpected; need a quick replacement for Urjit Patel'

Foreign investors now will take a wait-and-watch approach as regards India, given these developments, says Jitendra Gohil

Outcome of state assembly polls and the sudden exit of the Reserve Bank of India’s governor has kept markets on the edge. Jitendra Gohil, head of India equity research at Credit Suisse Wealth Management tells Puneet Wadhwa that foreign investors now will take a wait-and-watch approach as regards India given these developments. Edited excerpts:

How are you viewing the state poll outcome and the resignation of the Reserve Bank of India (RBI) governor?

The resignation of Dr Urjit Patel as the RBI governor is certainly a negative event for financial markets, especially in the context of the government and the RBI