Saugata Bhattacharya

Sustained high growth will need hard reforms

Inflation remains sticky and most G-10 central banks may in any case, continue with rate hikes; given India's resilient growth momentum, the MPC might increase the repo rate one final time

The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty

During the gradual transition to a neutral stance, maybe over the next couple of months, liquidity management will play an important role in transitioning the WACR closer to the repo rate

Fiscal interventions are needed to boost demand and induce durable growth

The expansionary implications of the FY20 Budget fiscal measures need to be better understood

The current spike in vegetable prices is likely to be transient, but consumer inflation expectations have remained sticky at high levels

Analysts have factored in as much as a 0.5 per cent repo rate cut

Financial conditions have eased significantly since the change in RBI's liquidity framework from April 2016

The rupee is likely to remain stable in the near term, with near-term forward rates also having fallen