observe a trending down in the inflationary forces before offering any rate-supportive growth triggers."
ARVIND CHARI, FIXED INCOME FUND MANAGER, QUANTUM ASSET MANAGEMENT, MUMBAI"
"WPI print much higher than market expectation. Manufactured products and non-food primary has also shown increase, which could be the result of the large INR depreciation between May and August finally catching through in the numbers."
"But given the rebound in INR in September, we should see some cool off in the INR-linked commodities ahead."
"Food prices still remain high, especially the volatile prices of onions which are keeping the index elevated. The impact of the good monsoons is still yet to be felt as rice and wheat prices are still increasing month-on-month."
BADRISH KULHALLI, FIXED INCOME FUND MANAGER, HDFC STANDARD LIFE INSURANCE CO
"There seems to be some amount of the currency weakness being passed on to prices, especially primary article prices. We haven't seen any improvements in prices because of the good monsoon. probably we'll have to wait until November and December in time for the harvest season to see any impact on food prices.
"This will not give much comfort for RBI to hold rates and sets up for a rate hike in the upcoming policy review at the end of the month."
RUPA REGE NITSURE, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI:
"Headline inflation has risen to 6.46 percent in September on account of joint impact of food inflation and rupee depreciation.
"Rising input costs have again pushed up core inflation on a month-on-month basis. We have to wait and see how better harvest this year pushes down the food inflation despite pressures from the political economy. While CAD worries have faded, inflation continues to remain the major macro risk".
DHARMAKIRTI JOSHI, CHIEF ECONOMIST, CRISIL LTD, MUMBAI:
"The non-core inflation is pressurising and it cannot be ignored by the central bank. And we believe another 25 basis points rate hike is coming because expectation on inflation still continue to remain high.
"Monsoon impact is yet to play out, and if the monsoon rains put some downward pressure on food, but food will not be completely tamed though. Looks like at least one more rate hike