Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."
Opinion
India should get prepared for financial system troubles
Rapid monetary tightening adds to stress for weaker lenders
The Reserve Bank of India seal outside its headquarters in Mumbai: The central bank should establish a team that purchases bonds during times of distress to contain spikes in yields. © Reuters
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