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Urjit Patel is new RBI Governor: Here's how India Inc, brokerages have reacted

The industry has welcomed the decision of the government to give the job to an insider who headed a committee on monetary policy reforms

BS Reporters/ Reuters 

The government has announced Urjit Patel as the next governor of the Reserve Bank of India for a three-year term, succeeding Raghuram Rajan who in a surprise announcement in June said he did not want to stay on. Patel, 52, is currently a deputy governor at the RBI and headed a committee on monetary policy reforms.

The recommendations of the committee to set an inflation target and create a new Monetary Policy Committee were backed by Prime Minister Narendra Modi's government. Here are a few reactions from India Inc and stock brokerages on his appointment. Gautam ...

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First Published: Sat, August 20 2016. 21:02 IST