Reserve Bank of India Governor Urjit Patel resigns, citing personal reasons.
The resignation comes after the Indian government has been pressuring the country's central bank to ease lending rules for state-run banks and transfer excess funds to the government.
The Indian rupee falls 1.6% against the euro and 1.4% against the U.S. dollar.
Previously: RBI holds rates, keeps GDP growth forecast (Dec. 5)
Now read: Has The Indian Rupee Bottomed? »
Subscribe for full text news in your inbox