Patel to institutionalise policy changes at RBI: Fitch
Under the new Governor Urjit Patel, RBI could institutionalise policy changes aimed to curb inflation and clean up the banks' balance sheets, ratings agency Fitch said on Friday. “The fact that Patel has served as deputy governor...suggests continuation of the current policy direction," it added. Low inflation will positively impact India's credit rating by improving investment climate, it stated.