IMF:
RBI should stand ready to up rates if inflation pressures rise.
See India CAD rising to over 2.5% of GDP over medium-term.
Crude oil price fall to reduce inflation by 80 bps. India faces a challenge in increasing exports.
Monetary conditions consistent to meet RBI's CPI target of 5% by Mar 2017.
See India's GDP growth picking up to 7.5% in FY16-17 from 7.3% in FY15-16.
Anil Aggarwal
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