Salient to Investors:

10 of 26 analysts analysts expect the RBI to cut the repurchase rate to 7.75 percent from 8 percent, 2 expect a reduction to 7.5 percent and the rest no change.

Rajeev Malik at CLSA Asia-Pacific Markets cites blatant pressure from the government to ease and it will be hard for the central bank to ignore it.

Indian inflation rose to 7.81 percent in September, the fastest in the BRICs, and India has the widest BRIC budget deficit at 5.8 percent of GDP.

Madan Sabnavis at Credit Analysis & Research said price pressures may prompt the RBI to leave the policy rate unchanged and instead cut the cash reserve ratio for the fourth time this year.

Robert Prior-Wandesforde at Credit Suisse said the RBI will ease policy on Oct. 30 as a pat on the back for the government’s recent reforms.

Read the full article at http://www.bloomberg.com/news/2012-10-24/india-rate-cut-odds-climb-as-policy-revamp-stems-rupee-plunge.html