Urjit Patel, the 24th governor of the Reserve Bank of India, has had an interesting relationship with the Centre. Taking over from the suave Raghuram Rajan wasn’t easy, but being demonised for demonetisation would have felt much worse. A lot has been written about Patel’s subservience to the government on the immediate ban of Rs 500 and Rs 1,000 notes, which anecdotal evidence suggests, hurt the unorganised sector badly.
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First Published: Thu, August 30 2018. 15:04 IST