Direct fiscal support for the economy is 2/3  BIS central bankers' speeches  thus also essential to sustain economic activity and complement what monetary policy cannot accomplish on its own.
Historically there has been a correlation between wholesale and consumer price inflation, and given this correlation, consumer price inflation too can be expected to soften in the months ahead. The Reserve Bank's monetary policy stance has always been to balance growth, inflation and financial stability concerns. When inflation surged earlier this year, the RBI had moved quickly to tighten policy.