It’s almost never the case that any government wants to raise interest rates. Remember that the government is also very unhappy when inflation goes up, and it’s the central bank’s job to keep inflation expectations...

We are advising banks to review credit quality and exercise greater control on credit.

The market is responding to certain policy measures and we are observing it.

There’s been a huge change in the thinking of the Indian people in terms of hope and observation. That’s good news, but so is the idea that people overseas are thinking similarly.

We have also observed that just like in the other parts of the world as well as in the United States (monetary policy transmission) has not had much effect on the longer term rates.