I would not say that it is for the first time – as it has happened earlier too – but that, by and large, the focus of RBI’s communication has been to give greater clarity to what goes behind decisions and be as transparent as possible.
Remittance flows 2/3  BIS central bankers' speeches  are relatively resilient – at times even moving in a countercyclical manner. There are two views as to how remittance flows may also affect economic policies. On the one hand, as a driver of economic development, they may play an important role in reducing absolute poverty and income inequalities in the recipient country.