Section 7 RBI Act

RBI Governor Urjit Patel may not quit, resignation reports baseless

Sources told Zeebiz that the reports of his resignation are utterly baseless.

Oct 31, 2018, 17:08 PM IST

Govt vs RBI: What is Section 7 of the RBI Act?

The alleged rift between the RBI and the government has spilled into the public domain recently.

Oct 31, 2018, 13:45 PM IST

Govt-RBI consultations are never made public, says Finance Ministry amid reports of rift

The government statement comes after reports that it has invoked never-before-used powers under Section 7 of the RBI Act.

Oct 31, 2018, 13:30 PM IST

RBI Governor Urjit Patel may resign, reports say; rupee down

The RBI and the finance ministry declined to comment.

Oct 31, 2018, 11:49 AM IST