.......In summary, we may expect the outcome on RBI’s initiative on interest rate futures to be different if the Governor’s view prevails over the old RBI mindset in which the command and control instinct dominated. If, instead, in the old style, ways are found to restrict, stifle, manipulate, control and micro-manage the interest rate futures market are found by the staff used to dealing in the old way, this could become another failed attempt.............
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