Why is the reverse repo rate left almost in oblivion, completely unsynchronised with the other variables?
We have carefully weighed the trade-off between growth and inflation. Yes, raising the reverse repo rate or raising both the repo rate and reverse repo rate was a consideration, but in the end, we determined that it is important to first absorb the liquidity by a predictable amount and then go on to other policy measures. If you are saying that leaving the policy rates is out of alignment with our growth and inflation projections, I believe that I cannot agree with you on that, because we have done the calculations and we believe that these numbers of growth and inflation support the policy measures that we have taken. Is this growth is going to be sustainable post-removal of some monetary measures you have already taken and post the eventuality of some of the fiscal measures suggested by you being rolled back? I cannot give such an absolute and conditional assurance, but we can make some assumptions about the fiscal stance of the government, and actually we have to. We also made a com
