K.C. Chakrabarty did not say what he meant by volatility, but his statement came in response to a question on accelerating inflation in recent months and data pointing to a strong growth momentum.
"If the volatility is more, if things change fast; yes, there will be more measures, it depends on how the environment is," he told reporters on the sidelines of a conference when asked about double-digit inflation.
India's headline inflation unexpectedly accelerated in May, heightening expectations the Reserve Bank of India (RBI) would raise rates before its scheduled July review despite concerns over Europe's debt crisis.
The benchmark 10-year bond yield briefly rose 1 basis point after the comments to 7.56 percent. It had closed at 7.59 percent on Wednesday.
Source: Reuters
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