RBI Objective Is To Curb Volatility: IOB
  • Gaurav Sarkar
  • Aug 22 2013

M. Narendra, Chairman, Indian Overseas Bank, believed that the central bank would definitely come to the rescue of banks, but the measures that were passed by the RBI post July 15, clearly shows that it was intent only on cutting down the volatility. He points out that only short-term yields were expected to go up.