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RBI Measures To Impact Short-Term Rates: Ananth Narayan

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There was more than a 100 bps move in the 10-year benchmark yield yesterday. Ananth Narayan, Co-Head at Wholesale Banking – South Asia, Standard Chartered Bank, says “Although volatility is not good, there is a sense of relief in the market that longer tenure yields will not be allowed to go beyond a certain point.”