These are deeds, not only words or promises. It is something we have done in the past. In a number of cases, decisions we took were criticised out of short-term considerations. We had the medium and long term in mind. All observers can look at our track record. Inflation expectations are well-anchored for the next five and ten years, based on our credibility.
Subir Gokarn: Regulatory perspectives on derivatives markets in India Keynote address by Dr Subir Gokarn, Deputy Governor of the Reserve Bank of India, at the International Options Market Association, World Federation of Exchanges Annual Conference, organised by the National Stock Exchange, Mumbai, 4 May 2011. *  *  *  Inputs from Sudarsana Sahoo, Edwin Prabhu, Rajib Das, H.S.