On day of panic, RBI brass connect with treasury chiefs

.....One of the Deputy Governors of RBI is believed to have spoken to select banks to get a feel of the market mood and send a message that RBI was watching. When contacted, two public sector executives conceded such an interaction took place but declined to elaborate further, saying the matter was confidential. The treasury executive with a public sector bank commented: "This happens but it is not common.".....

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