"You don't need to kill volatility to manage excessive volatility," Acharya said in an interview. The RBI must allow "some baseline volatility because it maintains a certain level of private hedging, which is important because the central bank can't do full absorption of risk".
This story is from the January 07, 2025 edition of Financial Express Lucknow.
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This story is from the January 07, 2025 edition of Financial Express Lucknow.
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