Urjit Patel’s timing sends shock waves

The resignation comes right in the middle of market volatility, both domestic as well as foreign, and a few months ahead of 2019 general elections, and does not augur well at least for the short-term, said experts. The stock market shed 714 points to close at 34,960 points on Monday, while the rupee has been choppy after staging a recovery on the back of softening crude prices.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PwvOu0