I feel we will somehow getaway with a moderate interest rate regime for some more time to come especially if the much awaited nov 4th sanctions on oil does not lead to a further increase in oil prices. Everything may have been baked into the market price. Moreover since liquidity is getting tighter there may not be a further push for higher rates. The dollar could also weaken in November if there are negative effects of mid year elections in the US going against Trump. There has to be a turning point for the all the macros to stabilize and this may well could be a trigger. However , we will have our share of concerns due to state elections and general elections but from a macro perspective the worst might get over soon.