The reversal of FII flows would also stem the _____________ in emerging market currencies. With the rupee stabilising and the US Fed's rate hike decision behind - the RBI would now be less constrained in easing rates in India. India is among the few large economies that can offer monetary_____________ to aid growth. The rate cuts - I believe - may not necessarily wait for scheduled policy announcements. Over the next three months - I would expect RBI to cut rates by 50 basis points. This _____________ some pressure on debt servicing - and will also have a positive _____________ on retail credit in the second half of FY16.