The governor of India’s central bank, Urjit Patel, has resigned from his post citing “personal reasons”.
His resignation comes amid reports of a rift between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government,
This marks the first time a serving governor has left his job midway through his five-year term.
Correspondents say the move is likely to undermine confidence in the economy and cause the rupee to fall.