Opinion | Are markets being near-sighted or plain stupid?3 min read . Updated: 14 Dec 2018, 10:37 AM IST
The markets are heaving a sigh of relief at Urjit Patel's resignation and cheering Shaktikanta Das's appointment as RBI governor as he is seen as more approachable and responsive to the demands of companies and markets
In a double whammy of sorts, the stock markets had to grapple with the sudden resignation of Urjit Patel as Reserve Bank of India (RBI) governor and a defeat of the ruling Bharatiya Janata Party (BJP) in key state elections.
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