We are on the verge of a global currency war: RBI Governor
RBI Governor Urjit Patel has said that "we are possibly at the beginning of currency war" in the wake of rising trade tensions. "We've already had a few months of turbulence behind us and it looks like it is likely to continue. For how long, I don't know," Patel said. This comes amid speculation that China may be devaluing yuan.