The MPC is scheduled to announce its next decision on Oct. 5.

"Having raised rates in back-to-back meetings, MPC has time to assess how the uncertainties pan out."

At this point, it is difficult for MPC to disentangle how much of this is transitory and related to demonetisation

"Despite the plethora of global risks, we have to recognise and acknowledge that the buffers that BRICS countries have built compared to 20...

RBI is marking to market its forecast and says that if oil stays here, food prices stay here, it creates upside risks to inflation

"We need to understand that the Fed looms large. It is going to be a very legitimate risk for all emerging markets including India."

"Capital goods production in the IIP, commercial vehicle sales, lending to infrastructure for the first time in many years have ticked up."

Two, the base year itself has changed. Thirdly, now the government is going to report GDP growth in terms of market prices rather than fact...

Food prices have been quite well-behaved, oil prices have come down very sharply and the fact is growth is still quite tepid and weak.

'RBI would like to see headline CPI inflation at 8%. It is quite predictable and the market should not try and second guess the central ban...

It is against this backdrop that we enter 2014; a year that most believe will be shaped by the outturn of general elections.

"My concern is about inflation expectations, considering that CPI is well in double digits and the WPI is well above expectations," Chinoy ...

'Nobody grudges the food security bill. It is a moral imperative for any developing country,' says Sajjid Chinoy, JPMorgan

'We need to make Indian markets independent of hot money flows which have been the cause of this problem over the last few years,' says Saj...

"Loose fiscal policy has contributed significantly to crowding out investment and vitiating the investor sentiment," says Sajjid Chinoy, JP...

Sajjid Chinoy, India Economist, JPMorgan talks to ET Now about the implications of the RBI announcement on the rupee and Indian markets.

Crowding out typically occurs in an environment where credit growth is strong. In India, we have seen anemic credit growth, says JPMorgan.