Directions: In the following question, sentences of a paragraph have been jumbled and have been labelled as A, B, C, D and E. You are required to rearrange the jumbled sentences accordingly by selecting the correct option.

A: it would be extremely difficult for the RBI to soften its tone on domestic monetary policy anytime soon.

B: In order to limit capital outflows, market experts now expect the Reserve Bank of India (RBI) to hike the key policy rate.

C: the repo or repurchase rate — by 50 basis points to 5.9 per cent on 30 September, when the RBI releases its monetary policy resolution. 

D: Pankaj Pathak, fund manager-fixed income, Quantum Mutual Fund, said: “With this level of hawkishness from the Fed.

E: The first direct impact of the US Federal Reserve’s aggressive rate hikes is likely to be on India’s monetary policy.