As usual, with the monthly WPI slated later in the day, the static 9.32% weekly inflation rate for Oct 1 is not the focus. Policy rates in india will likely continue bucking the global rate cut trends as inflation is being imported from fiscal dilution across globall currencies and RBI is likely to continue its hawkish stance on inflation and September numbers likely to be another high watermark for inflation

The Exports for August continued a 40% + growth but underlined the weak equilibrium wth the increasing fiscal deficit of nearly $15 bln for the month on a much smaller base and the unlikely possibility of fiscal discipline bearingt to the target of 4.6% after a new borrowing program of INR 600 bln chaining market expectations

A likely 9.5% - 10% mark for inflation with continuing rise in food and fuel inflation, shows the independence of policy mechanisms and growth in India's situation

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