Over the years, we have made this operationally as easy as possible and continue to smoothen the creases. We are aware of the expanding Rupee derivatives market – necessarily cash settled – in overseas locations and have been trying to provide easy access to the overseas entities that have a Rupee exposure to the entire derivative markets onshore.
Answer: It was our decision – and we are very proud of that – to introduce for the first time in the world the display of the “Introductory Statement”, which is an overall diagnosis of the situation as viewed by the Governing Council. It is presented immediately after the monetary policy decision. This was a first. No other central bank had done that before.