(MENAFN) India's central bank governor Urjit Patel has quit from his position over "personal reasons".
His resignation takes place amid allegations of a raw between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi's government.
This marks a unique case of serving governor stepping down midway through his five-year term.
Correspondents declared that the action to strengthen confidence in the economy and cause the rupee to fall.
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