Centre vs RBI row: 'Urjit Patel resignation would send bad signal, as Raghuram Rajan's did'
Centre vs RBI row: Veerappa Moily's remarks come ahead of RBI's crucial board meeting Monday with Finance Ministry nominees and some independent directors expected to take on Patel and his team over several issues, though both sides are in favour of reaching a common ground.
Noting that RBI's credibility would be shaken if Patel resigns, Moily said the entire world economy looks up to any central bank of any country and the markets would also be affected. Image source: Reuters