New Delhi, Aug. 4 -- There is never a dull day for monetary policy makers, and yet, what works best for everyone alike is a good, predictable, and boring monetary policy. If only the financial markets would let the boring track stay intact.

As the Reserve Bank of India's (RBI) monetary policy committee (MPC) gears up for its next meeting from 4 August to 6 August, the key considerations were aligned in an apple cart order. Inflation battle won for now, monetary policy support already frontloaded, growth momentum starting to pick up, and general optimism for the second half of the year building up. One would assume that August MPC could very well be focused on a 'wait and watch' approach while all the previous support takes root in the ec...