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Indian gov't appoints Urjit Patel as head central bank

The Indian government on Saturday appointed Urjit R Patel as the new head of its central banking institution -- Reserve Bank of India (RBI), officials said.

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India keeps key rates unchanged over inflation, geopolitical concerns

​India's central bank, the Reserve Bank of India (RBI), Tuesday decided to keep key interest rates unchanged in its fourth bi-monthly policy review.