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The rupee fell about 1.5% to 72.46 per dollar after RBI Governor Urjit Patel resigned abruptly, citing personal reasons, nearly ten months before his term ended. Investors worried about further outflows from Indian markets.
Rating agencies said they were watching the development, and state election counts were underway.
Concerns about central bank independence and possible capital outflows weaken the rupee, raising the dollar cost of India's imports.
hindustantimes.comHT CorrespondentDec 11, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
