The Reserve Bank of India has called for formulating a calibrated exit policy to strike a balance between growth and inflation. The Prime Minister Dr. Manmohan Singh echoed similar sentiments at the recently concluded G20 summit in Toronto. The apex bank says that in the post-crisis scenario in its report on currency and finance for the year 2008-09, identifies the regulation of international financial architecture as a major reform for effective financial regulation. It also underlined the need to redefine the role of central banks in dealing with the global economic meltdown. The report has called for a better global co-ordination and greater market transparency in the post-recession era.