Urjit Patel: 5 Things To Know About New RBI Governor
Urjit Patel, deputy governor of the Reserve Bank of India since 2013, will be the new governor of the central bank. Mr Patel will replace popular central banker Raghuram Rajan, whose current three-year term ends on September 4.
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Mr Patel has run the RBI's monetary policy department since 2013. He headed a panel that recommended landmark changes in the monetary policy formulation of the central bank. According to a Nomura note, Mr Patel is considered a 'hawk' on his monetary policy stance.
.jpg "Mr Patel has run the RBI's monetary policy department since 2013. He headed a panel that recommended landmark changes in the monetary policy formulation of the central bank. According to a Nomura note, Mr Patel is considered a 'hawk' on his monetary policy stance.")
