MUMBAI/NEW DELHI—Reserve Bank of India (RBI) Governor Urjit Patel’s shock resignation following a policy tussle with the government sent tremors through financial markets on Dec. 11, and investors are keen to see the government quickly name a credible replacement.
Both foreign and domestic investors say any openly political appointee with little macro-economic experience, would not sit well in equity, currency, and debt markets that have already sold-off following setbacks suffered by Prime Minister Narendra Modi’s Bharatiya Janata Party in state polls this week.
