‘By not quitting, Urjit Patel acted with maturity’

A former RBI governor and a policymaker said that even though the RBI has ended up ceding some independence in its fight with the govt, Patel’s decision not to aggravate the situation has helped calm tempers. During the RBI-government standoff, Patel came under fire for his style of functioning and stubbornness, traits which have been also cited as triggers for the showdown.

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