Alternatively, concerns are growing over a potential rate cut by the Reserve Bank of India (RBI). Recent months have seen the RBI come under increasing investor scrutiny following the sudden resignation of Governor Urjit Patel. He was replaced by Ex Economic Affairs Secretary, Shaktikanta Das who came out of retirement to take on the post of Governor, putting the RBI once again under the leadership of former administrative services officer rather than an economist and leading investors to question the RBI’s ongoing independence and autonomy in setting monetary policy.
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