RBI likely to avoid further cuts over the next 3 to 6 months

The RBI continues to emphasize that its future actions will remain data dependent even though the central bank remains explicit about its "accommodative" bias. 

Given the large, 50bp rate cut this week, which can be seen as front-loading, the bar for further cuts in the next one or two policy meetings (early December and early-February) is higher

"The central bank's bias is likely be to keep policy rates unchanged over the coming three to six months. However, a lower-for-longer inflation path and moderation in inflation expectations, which remain possibilities, could provide room for another 25bp repo rate cut in H1 16, taking the repo rate to 6.5% by mid-2016", says Barclays.