How do we get there? In a transition to a post-crisis monetary policy, it is important to exit gradually from unconventional and conventional instruments that are being used during the crisis. In this phase, communication will play a very important role. And fiscal and prudential policies need to play a primary role in addressing problems that originate in the fiscal and financial spheres.
•  Cap on foreign currency borrowing and lending as well as policy measures on hedging of such foreign currency loans  •  Cap on Capital market and sensitive sector exposures  •  Building up of Investment Fluctuation Reserve (IFR) to a minimum of 5% by March 2006.