RBI guv Urjit Patel's resignation may hit stock and currency markets today

If election results are not favourable, it could further intensify the sell-off, experts say

The resignation of RBI Governor Urjit Patel is likely to hit the stock and currency markets on Tuesday. The futures on SGX Nifty dropped to 10,300 — down 2 per cent. 

The rupee in the non-deliverable forwards (NDF) market fell to Rs 72.81 against the US dollar — down 1.7 per cent. The data is till 10 pm, Monday. The Sensex on Monday fell 713 points, or 2 per cent, to end at 34,960, its lowest close in more than a month. The markets had weakened because of a possible setback for the ruling Bharatiya Janata Party (BJP) in the