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Deputy Governor of RBI resigns six months before his term ends

The Reserve Bank of India’s (RBI) Deputy Governor Viral Acharya has quit six months before the end of his term, sources told IANS on Monday.

Acharya is the second top RBI official to quit after Governor Urijit Patel’s exit last December.

The sources said that Acharya, who joined as the RBI Deputy Governor in January 2017, was against the central bank’s decision on repeated cuts of repo rates to support the government’s public spending and consumption boost measures to tackle the slowing growth.

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