Rate cut hopes rise as inflation eases

.....Finance minister P Chidambaram's comments that interest rates are high and the government will take steps to ease the burden have also added to expectations. But RBI is still worried about the inflationary pressures in Asia's third-largest economy. Governor D Subbarao said on Monday that inflation remained "above our tolerance level". But some experts say slowing growth, sliding exports and industrial output and overall gloomy outlook may prompt the central bank to ease rates. .......

Read - TOI