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Rupee opens 114 paise lower after RBI governor Urjit Patel resigns

Urjit Patel's move to quit as the Governor of the Reserve Bank is a jolt to investors as it shakes investor trust in its autonomy and will have an impact on the markets, warn analysts.

 
 
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Patel's announcement came as a big surprise as names like former CEA Arvind Subramanian was doing the rounds.
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