SHAKTI SATAPATHY, ECONOMIST, AK CAPITAL, MUMBAI
"The current rate hike is justified on account of inflation risk still persistent in the economy, coupled with depreciating rupee and fiscal slippage. Further the savings bank deregulation may prompt a rise in deposit growth leading to a shift from consumption demand towards investment demand in the mid to long term."

RADHIKA RAO, ECONOMIST, FORECAST PTE, SINGAPORE
"Onshore financial markets are rejoicing clear indications by the RBI that the end to the rate tightening cycle is in sight, as base effects prod the WPI prints lower at the turn of the year. Prima facie, post-policy comments still carry hawkish hues in our opinion as the central bank cites risks to credibility on any change in policy trajectory when inflation is still high.

"It is patently clear that RBI gives more weightage to domestic economic conditions and in light of today's comments, odds for a rate hike in December still exists, especially if rupee depreciates further -- which in effect could unwind RBI's anti-inflationary stance. Deregulating savings is a step in the right direction and should benefit end-consumers."

(sourced from Reuters)