How Bank Nifty Reacted to News on RBI Governor Resignation

How Bank Nifty reacted to RBI resignation news. Charts are interesting as Bank Nifty reacted to the news temporarily however in both the Mr Raghuramrajan and Mr Urjit patel case Bank Nifty manage to recover intraday and such sentiments affects the markets temporarily and the sentiment vanishes once the recovery is made in Bank Nifty

Date : June 18,2016

News : Raghuram Rajan to quit after term ends

The Reserve Bank of India Governor has said in a letter that he will return to academia after his term ends on Sept 4. Putting to rest all speculation about his continuation at the helm of Reserve Bank of India, Governor Raghuram Rajan on Saturday announced that he will move back to the world of academics once his three-year term comes an end on September 4. The Governor notified RBI staff about his decision in a message posted on the central bank’s website.

Date : 31st Oct 2018

News : Urjit Patel considering resigning as RBI governor after rift with govt: Report

The rift between India’s central bank and the government has widened and could lead to the Reserve Bank of India (RBI) governor considering resignation, CNBC TV18 reported on Wednesday, citing sources.

There has been an irreversible breakdown between the RBI Governor Urjit Patel and the government, the media said, adding that all options were on the table.

The RBI was not immediately available for comment.

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