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Economy

Modi government, RBI set for uneasy truce

Updated : November 15, 2018 12:21 PM IST

While the rift is far from healed, the sources said enough progress had been made to avoid acrimony at a board meeting of the Reserve Bank of India (RBI) next Monday.
The threat that RBI Governor Urjit Patel would quit, as reported by some newspapers last week, is also thought to be off the table for now, they said.
The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.
Modi government, RBI set for uneasy truce

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