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RBI governor Urjit Patel resigns, stuns markets

Updated : December 11, 2018 07:42 AM IST

The 54-year old Indian economist had served as the deputy governor for three years before his appointment as the governor.
The government and the RBI have been fighting for weeks over how much autonomy the RBI should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI’s surplus reserves.

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