India's Central Bank may ease its monetary policy

The Reserve Bank of India is expected to ease its prudent monetary policy in view of slower growth and spreading debt crisis in the euro-zone. However, the falling Rupee weights on the continuation of the tight monetary policy with unchanged interest rates. There are fears that economic growth decelerates faster than expected and taken exorbitant 9% inflation the economic perspectives for India remain bleak, said Subhada Rao, an economist at YES Bank in Mumbai.