So far, it’s been the Reserve Bank of India preaching to the government on getting its house in order. Now, with the government having bitten the bullet of reforms, the pressure on the central bank is immense, because the boot is now on the other foot. Finance minister P Chidambaram has already indicated that rates need to ease for growth to pick up again.

><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'>Analysis: RBI will respond on Oct 30 </td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; FONT-WEIGHT: bold;'>In its policy review on October 30, RBI is unlikely to cut rates as it can

Analysis: RBI will respond on Oct 30

In its policy review on October 30, RBI is unlikely to cut rates as it cant risk its credibility when inflation is uncomfortably high, but it will try to soothe industry

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