Breaking News – Urjit Patel Resigns as RBI Governor

Breaking News – Urjit Patel Resigns as RBI Governor

Reserve Bank of India (RBI) governor Urjit Patel on Monday resigned from the post citing personal reasons. “On account of personal reasons, I have decided to step down from my current position effective immediately.

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Has the rupee found its Goldilocks level?

Has the rupee found its Goldilocks level?

Gold Silver Reports — For all the forecasts of a sharp depreciation to 70 per dollar and beyond, the Indian rupee barely budged in 2016, weakening by just 2.6%. It has since then appreciated this year by over 1% to about 67 to a dollar now.

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RBI Policy Interest Rate Unchanged – Raghuram Rajan

RBI Policy Interest Rate Unchanged - Raghuram Rajan

Gold Silver Reports — RBI kept its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while cautiously signalling it could cut later this year if monsoon rains, and other factors, dampen upward pressure on food prices.

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