Breaking News – Urjit Patel Resigns as RBI Governor
Reserve Bank of India (RBI) governor Urjit Patel on Monday resigned from the post citing personal reasons. “On account of personal reasons, I have decided to step down from my current position effective immediately.
Gold Silver Reports — RBI kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while cautiously signalling it could cut later this year if monsoon rains, and other factors, dampen upward pressure on food prices.
Gold Silver Reports — RBI Governor Raghuram Rajan, a much admired former International Monetary Fund chief economist, could be chairing his penultimate policy review, with investors waiting to hear whether the government plans to extend his 3-year term beyond September.