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But for RBI move, rupee may have fallen to 63: BoA

With the tightening measures, RBI signalled that they are serious about doing something quickly. Otherwise, had nothing been done, the rupee would have gone down to 62-62.5 or maybe 63.
Will raise rates if stress continues: ING Vysya Bank

It is inevitable that a company which is facing pressure would come under further pressure but that is subject to at some stage banks pass this on or slowdown saying there is no liquidity. So if the yields continue to remain high for more than few weeks, there will be more stress in the system

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Long Bonds

But for RBI move, rupee may have fallen to 63: BoA

Will raise rates if stress continues: ING Vysya Bank