How is the world reacting to the resignation of Urjit Patel
Urjit Patel becomes the first Governor after 1960 to resign from his post and quit before completing his term. This has spooked the stock market, but the impact is more visible in the currency market where the Indian rupee has depreciated by 1.23 per cent against US dollar in Tuesday’s trade.
The world media is also reacting to the RBI governor's resignation, let’s see the headlines of major media houses.
Head of India’s central bank resigns amid government split
-The Washington Post
India’s top central banker quits as government seeks more control
-The New York Times
Reserve Bank of India Governor Urjit Patel resigns. The central bank had come under pressure in recent months from Modi’s government over policy differences, independence as elections loom..
-The Wall Street Journal
India’s central bank chief quits after spat with government…
India’s central bank governor Urjit Patel resigns amid tense stand-off..
Urjit Patel, the head of the Reserve Bank of India, resigns. India’s economic policy is in turmoil after its central bank boss steps down…