Led by FM, Modi ministers blast RBI functioning under Patel
If RBI wants to be fully autonomous, then hold it responsible for the ills of the economy and not the finance ministry, says Gadkari
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
It had been in the making for some time, says Kerala finance minister and senior CPI(M) leader
Govt must move quickly to restore confidence in RBI autonomy
The manner of Urjit Patel's's exit will have serious implications for the institutional strength of RBI.
If election results are not favourable, it could further intensify the sell-off, experts say
Patel's abrupt resignation will raise many questions about the testy relationship the central bank had with government representatives in the board of RBI
During Urjit Patel's tenure as governor, RBI had run-ins with the government on numerous issues
As per the RBI Act, the central bank should have one governor and four deputy governors - two from within the ranks and one commercial banker and another an economist to head the monetary policy dept
Resignation of Urjit Patel will have a negative impact on market sentiment as it leaves RBI headless at a crucial time
'Patel's sudden resignation, at a time when the Indian economy is faced with many headwinds, is very unfortunate', the former PM said
Urjit Patel, whose three-year term was to end in September 2019, is the first governor since 1990 to step down before his term at the RBI ended.
Was Patel signalling all along that it was not a happy marriage with North Block? It appears so
Announces his decision in a statement posted on RBI's official website
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
If the destruction continues like this, no system can survive in the country, says N Chandrababu Naidu
Officials said that the exchanges and the regulator have beefed up their monitoring and surveillance mechanism for any eventuality
RBI central board member S Gurumurthy also expressed surprise over the sudden resignation of Patel
RBI board member S Gurumurthy says Patel's exit comes as a shock since the November board meeting was held in such a 'cordial atmosphere'