View: Will the market understand Shaktikanta Das' motivations and trust him again?
So, what changed? A congeries of thoughts linked to the economy as well as political economy could have prodded him to take the plunge. Das probably sensed that the time to take tough actions was fast running out. Someone who knows the minds of politicians and understands their priorities, Das may have realised that the next 10 months is the only window he has to tighten rates and impact the markets before the general elections of 2024.