We have been very cautious by generally limiting such aggregate outstanding liabilities and rarely does it exceed 10 per cent of reserves. Of course, there is no rigid rule. We observe great prudence in these matters while exercising flexibility. We publish all such operations from time to time.
Finally, the exchange rate is flexible but volatility has been and is being checked by the Reserve Bank of India. Financial Sector As most of you may be aware, we have adopted international standards of capital adequacy for banks, and their non-performing assets are closely monitored with a view to bringing them down. In particular, I would like to emphasise some major features.