As to the financial services of a central bank, most people may directly associate them with printing banknotes, such as issuing banknotes in different series, denominations and currencies, withdrawing worn notes etc.
Experience tells us that markets often tend to overreact to new  information, which also amplifies volatility. Especially in times such as now, when geopolitical tensions and synchronised monetary policy tightening come together, overshooting often precedes subsequent realignment with the underlying fundamentals. Hence, it is useful to take stock of India’s macroeconomic fundamentals and buffers, and assess them in the current and evolving conditions.