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poker youtube channels2. Amidst these challenges, which I termed as humongous in my April statement, the Indian economy has shown resilience, drawing upon the innate strength of its underlying fundamentals and supported by a prudent and favourable policy mix. In the conduct of monetary policy, we have demonstrated our resolve not to be bound by any rulebook and our preparedness to decisively deploy the full range of tools – conventional and unconventional. By remaining accommodative, monetary policy continues to foster congenial financial conditions to support growth and mitigate the adverse effects of the geopolitical crisis. As a result, the Indian economy has managed to weather the shock so far. Reassuringly, we have also been able to preserve macro-financial stability, despite the synchronised shocks of commodity prices, supply disruptions and higher inflation unleashed by the war. Confronted by elevated inflationary pressures that have shifted the future trajectory of inflation upwards, we have announced our intention to engage in withdrawal of accommodation to ensure that inflation remains aligned to the target. As I had stated in the April monetary policy statement, our actions will be calibrated to the rapidly evolving situation so that the impulses of growth are preserved and strengthened. Our journey is best reflected in the words of the famous Greek philosopher Epictetus: “The trials you encounter will introduce you to your strengths. Remain steadfast…and one day you will build something that endures.”

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