Indian stocks on a tear since central-bank shakeup

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India lost its top central banker this week. That has fed a stock-market rally, despite fears about the independence of monetary policy. What's Happening Indian equities have been on a tear since the shake up at the Reserve Bank of India. The Nifty 50 index has surged 2.4% in two trading sessions since Monday, when Urjit Patel stepped down as head of the central bank after the market closed.