We emphasise three kinds  6  BIS Review 32/2007  of communications, viz., (a) analysis of the economy, (b) policy measures, and (c) reasons behind such policy measures. In fact, by international standards, the Reserve Bank of India has a fairly extensive and transparent communication system.
The bi-annual policy statements traditionally communicated the Reserve Bank’s stance of monetary in the immediate future of six months to one year. Since July 2005, a system of publishing quarterly reviews in addition to the bi-annual statements has been put in place. Speeches by the top executives of the Bank also form an important part of communication process of the Reserve Bank.