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India appoints insider Urjit Patel as new central bank governor INTERNATIONAL

India appoints insider Urjit Patel as new central bank governor

India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as its next governor for a three-year term, it said on Saturday.

4:45 AM November 25 2016
Rajan keeps Indian policy rate on hold at last RBI review INTERNATIONAL

Rajan keeps Indian policy rate on hold at last RBI review

India's central bank governor Raghuram Rajan on Tuesday kept the repo rate unchanged at 6.50 percent at his final policy review after inflation hit a nearly two-year high, but said the policy stance remains "accommodative."

4:45 AM November 25 2016
India central bank chief Rajan to step down in September INTERNATIONAL

India central bank chief Rajan to step down in September

Reserve Bank of India Governor Raghuram Rajan, who has faced criticism from members of Prime Minister Narendra Modi's ruling party for not lowering interest rates enough, said on Saturday he would step down when his term ends on Sept. 4.

4:45 AM November 25 2016