"The governor is of the view that the GST (goods & services tax) regime would not harden inflation as is widely perceived. "It's unclear whether RBI and MPC would prefer to wait for more data instead of cutting rates based on one month numbers. "The governor is not dismissive of the new GDP data (which, according to many, appear unrealistic). Simultaneously, some analysts think inflation could soften with the cultivation of pulses rising significantly. As MPC and Patel examine the numbers to take a call, financial markets would try figuring out the stance of different MPC members.

Source: Economic Times September 25, 2016 19:18 UTC