Urjit Patel Rbi Timeline

RBI chief Urjit Patel, who stepped down today, one year before his term was to end, cited "personal reasons" for the move. This comes days after a face-off with the government over the country's economy from the past few months.

On Tuesday, the RBI governor and the newly-formed monetary policy panel lowered the policy rate by 25 basis points and softened the central bank's stance on the timeline for meeting its inflation target, indicating that it had until 2021 to reach it.

RBI chief Urjit Patel, who stepped down today, one year before his term was to end, cited "personal reasons" for the move. This comes days after a face-off with the government over the country's economy from the past few months.

On Tuesday, the RBI governor and the newly-formed monetary policy panel lowered the policy rate by 25 basis points and softened the central bank's stance on the timeline for meeting its inflation target, indicating that it had until 2021 to reach it.