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RBI Governor Urjit Patel resigned, citing personal reasons, amid reports of a rift between the central bank and Prime Minister Modi's government. It is rare for a governor to leave midway through a three-year term.
Reuters and BBC correspondents said the move was likely to undermine confidence and push the rupee lower ahead of general elections due by May.
Investor doubts about institutional independence raise the risk of capital flight and a weaker rupee, which increases the dollar cost of India's feed and other imports.
bbc.comAdd as preferred on GoogleDec 10, 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.
