Policy easing possible as early as January: Subbarao

...........The RBI has one more meeting scheduled for 2012, in December, when Subbarao said easing was “highly improbable”. He said the bank would next review the policy at meetings on 29 January and in mid-March, noting that the bank’s first-quarter easing guidance was based on forecasts for growth and inflation. “If the growth and inflation trajectories play out as we expected, we would act according to our guidance,” he said in an interview, when asked about the likely timing of any new move by the RBI. “We would assess the situation in January and try and act according to our guidance. Should the situation be different, then we will have to defer until March.”..........

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