On Nov. 19, after a nine-hour-long meeting the RBI and the government signal that all is well now. The RBI also issues a statement, which details out some of the issues that were discussed and the steps that the two parties have jointly agreed on.

December 2018: In its bi-monthly policy meeting on Dec. 05, Patel refuses to address any questions from the media on the friction between the RBI and the government.

On Dec. 10, Patel steps down from his post with immediate effect citing personal reasons.

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