GURUMURTHY SURPRISED

New Delhi, Dec. 10: RSS ideologue and independent director on RBI board S. Gurumurthy on Monday described Urjit Patel’s resignation as a setback to the convergence that the central bank and the government were reaching on contentious issues.

He termed Mr Patel’s resignation as “shock” and said he will be missed. “Surprised at the news that RBI governor has resigned,” he said in a tweet.

The Nov. 19 board meeting of the RBI was held in “such cordial atmosphere” that the resignation comes as a “shock”, Mr Gurumurthy said.