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Indian Central Bank Head Quits After Months of Government Pressure

The Governor of India's central bank, Urjit Patel, resigned abruptly Monday after a months-long tussle over policy with the government that has raised concerns about the bank's independence as a national election nears. Government officials have been pressuring the Reserve Bank of India to allow some bad-debt-laden public sector banks to lend more easily, and pushed for it to hand over some of its surplus reserves to help fund the fiscal deficit. Prime Minister Narendra...

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