we always like to choose the short depending on each ball in cricket sometimes you have to play front foot sometimes you have to play back foot but by and large in the last two and a halfthree years ever since the pandemic began we have been playing in the front foot and at the current moment we will play in the front foot but when it is necessary we will step back and live out one or two balls and may be go for a slight a late cut says shaktikanta das governor rbi rbi has done great work under your leadership we have emerged on the pedestal post the covid crisis but the elephant in the room is inflation has rbi won the war against inflationso far as inflation is concerned i think it is getting increasingly anchored we reached a peak at 78 and thereafter the inflation has moderated in the subsequent three prints the latest was 67 and the inflation expectations are also getting anchored we do a survey of professional forecasters we do a survey of investors we do a consumer survey and a household survey now all the survey results are pointing to the fact that expectations around inflation are getting anchored the bond yields especially at the long end are also reflecting the fact that inflation is getting anchored for example if you look at the 10year gsec before the may meeting of the mpc just before we started the current rate hike cycle with a 40 bps hike it was around 71712 and today it is about 728 this morning it was 73 therefore the way the bond yields especially at the long end behave is also reflective of whether inflation expectations are getting anchored there are other important factors also which are playing a role for example the softening of the crude prices softening of certain commodity prices and the appreciation or the depreciation of the us dollar the dxy after reaching about 105106 had moderated to about 104 now it is again it seems to be going back so there are so many factors which are at play but coming back to your question as i have said in the monetary policy statement at this point according to our assessment inflation has peaked and it is expected to moderate going forward inflation expectations are also getting well anchored but there is absolutely no room for any complacency consumer inflation is still at 67 and we need to bring it down first below 6 and then move closer to the target rate of 4you might also likeindias cad will be within manageable levels rbi guv shaktikanta das explains why as there are so many uncertainties the geopolitical developments the spillovers how the dollar appreciation is going to happen how the advanced economies which are facing bigger problems of inflation turn out inflation is at 10 in the uk in the us it has moderated to about 85 or 87 advanced