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Latest Articles in urjit patel

Government Meddling In RBI Could Undermine India's Financial Stability: S&P Global

"S&P Global Ratings views as credit negative the circumstances leading to the recent resignation of Urjit Patel, governor of the Reserve Bank of India (RBI)," S&P analysts Michael Puli and Andrew Wood said in a note

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RBI is now a thriller material. Conspiracy theories can aid juicy scripts

Given that Urjit Patel was under pressure on everything from sharing RBI's reserves with the government to public sector bank reforms, public sympathy aided by media stories is such that the BJP's rating can only suffer a jolt as a result of his exit

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Urjit Patel's Resignation Comes At A Sensitive Time, To Dampen Sentiments: DBS

Governor's departure is likely to push 10-year INR yields back above 7.6 per cent in a knee-jerk sell-off

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RBI Governor Urjit Patel Resigns, Cites Personal Reasons

Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term

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Urjit Patel Parries All Questions About Spat With Govt

Section 7 of the RBI Act which empowers govt to direct the central bank to undertake certain policy measures in public interest

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RBI Board Meets Amid Row With Government, Markets On Guard

Unhappy over the pressure, RBI Deputy Governor Viral Acharya had warned that undermining central bank independence could be "catastrophic"

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Modi Stacks RBI Board With Allies To Turn Heat Up On Governor

Two board members told media sources that government pressure for easier lending policies is likely to become abundantly clear at RBI's board meeting today

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Finance Ministry Says RBI Autonomy 'Essential'

"The autonomy of the central bank is an essential and accepted governance requirement," Finance Ministry said in a statement

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Chidambaram Slams Centre For Reportedly Referring To Never-Used Clause In RBI Act

Chidambaram said that the governments he was a part of in the past had never used Section 7 of the RBI Act of 1934, under which a direct order can be issued by the government to the central bank to carry out its wishes in "public interest"

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Finance Ministry To Shortly Issue A Statement On Government-RBI Rift

Earlier in the day, media reports suggested that RBI Governor Urjit Patel may consider resigning from his post given a breakdown in relations with the government, sparking a sell-off in the rupee and government bonds

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Govt Cites Never-Used Powers For Resolving Issues With RBI

Finance Ministry and RBI are said to have differed on the central bank's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector

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RBI Governor Urjit Patel May Resign, Reports Say; Rupee Down

The government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest

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RBI Shuns Market Expectations, Keeps Policy Rates Unchanged

In a surprising status quo, the Reserve Bank of India kept policy rates unchanged, the repo rate will continue to be at 6.5 per cent and the reverse repo will remain at 6.25 per cent

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"There is a very high chance of rate hike in this policy. Key to watch is whether they settle for 25 bps or 50 bps.", Lakshmi Iyer, CIO (Debt) & Head – Products, Kotak Mahindra Asset Management Ltd

As RBI’s six-member Monetary Policy Committee (MPC) headed by Governor Urjit Patel has begun its three-day deliberations from yesterday, all eyes are on whether the key policy rates would be increased or not. Strongly guided by the persistent inflationary pressures, unabated rupee fall, widening Current Account Deficit (CAD), sky-rocketing crude oil prices and dim global cues, the central bank’s task is well cut out. In an exclusive interview with Manali Jaggi of BW Businessworld, Iyer opines on the factors the RBI can weigh while deciding on the rates it is going to announce tomorrow. Edited exercepts:-

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RBI’s Policy Review: Experts Opine

We bring you experts’ views and expectations on what to expect from RBI’s credit policy this time ahead of its monetary policy announcement on October 5

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