Jahangir Aziz, chief economist at JP Morgan says RBI move to arrest free fall of the rupee is a welcome move. S Narayan, former finance secretary says rate hikes by the RBI have resulted in easing of inflation but he does not expect a CRR cut by the apex bank. Madan Sabnavis, chief economist at CARE ratings says a CRR cut by the RBI will add liquidity to the government's borrowing programme.