MPC minutes for October reveal a distinctive twist..Governor & MPC members statement reveal Governor
communication is now relatively more hawkish, more inclined towards future risk and hence policy
tightening…The good news is that peak inflation will be below 6.5% in November..We continue to maintain
50 bps rate hike in December either through a plain vanila 50 bps repo rate hike or an exotic 50 bps rate
hike with a 25 bps repo rate and a 25 bps asymmetric widening of LAF corridor