At the same time, we stepped up our surveillance of economic developments. As part of that surveillance, we receive virtually continuous information from commodity and financial markets. The price of crude oil is now well below its peak of early March, as the potential for serious supply disruptions in world oil markets has diminished.
Prakasa Rao, Prof. Subhashis Ghoshal, Deputy Governor Dr. Patel, Deputy Governors, colleague Executive Directors, Shri A. B. Chakraborty, distinguished guests from the financial sector and academia, members of the press, colleagues from the Department of Statistics and Information Management (DSIM) and friends. I extend a warm welcome to all of you to this 7th Statistics Day Conference.