Robert Prior-Wandesforde, Credit Suisse says the Indian currency is likely to see short periods of currency strength followed by significant periods of weakness.
PN Vijay, Portfolio Manager, askpnvijay.com, says that the core inflation number is a welcome indicator for the RBI to cut rates in the upcoming policy.
The Reserve Bank of India has raised key rates by a higher-than-expected 50 basis points, stressing that tackling inflation is a main priority even if it comes at the expense of overall growth in the short term.