Urjit Patel, governor of the Reserve Bank of India (RBI), attends a news conference in Mumbai, India. (Photographer: Karen Dias/Bloomberg)

Rate Cut Dismantles Last of India Ex-Central Bank Chief's Legacy

(Bloomberg) -- The Reserve Bank of India’s interest rate cut on Thursday wasn’t only a reversal of hikes under its previous Governor Urjit Patel. It also marked the unwinding of almost all of what ...