One eye on Delhi, one on the skies

.....The implication of all of this, in our view, is that the RBI will remain cautious about cutting rates. Cutting rates at this stage would, at best, tease up demand, but do little to improve the supply side. In turn, this could lift inflation pressures. It may also be worth keeping the powder dry to have firepower in the event global conditions take another leg down.....

Read - Mint