* Highlights of Reserve Bank of India statement on repo rate hike
* Top banks not to take hasty decision on rates post repo hike
Morgan Stanley
* investment demand slowing significantly
* Downside risks exist to our 7.1% FY09 GDP stimate
* GDP may slow to 6.5% in Jan-Mar 2009 vs 8.8%
* India GDP growth decelerating further
* 10-yr gilt yield at 9% by year-end
* RBI again hiking repo rate in 3 mos
* Excise exemption norms relaxed