BR100 3,625 Increased By ▲ 19 (0.53%)
BR30 18,468 Increased By ▲ 107 (0.58%)
KSE100 35,203 Increased By ▲ 151 (0.43%)
KSE30 15,247 Increased By ▲ 44 (0.29%)
COVID-19 TOTAL DAILY
CASES 231,818 0
DEATHS 4,762 0
Sindh 94,528 Cases Today
Punjab 81,963 Cases Today
Balochistan 10,814 Cases Today
Islamabad 13,494 Cases Today
KP 28,116 Cases Today
Business

India's central bank governor Urjit Patel steps down

Indian central bank governor Urjit Patel resigned on Monday citing "personal reasons", a statement issued by the Reserve

December 10, 2018

Indian central bank governor Urjit Patel resigned on Monday citing "personal reasons", a statement issued by the Reserve Bank of India (RBI) said.

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.

Copyright Reuters, 2018