Consumer inflation, at 10.9% in February, doesn’t look like its easing in a hurry and a big oil bill and weak exports will leave the current account deficit (CAD) at around 5% of GDP in FY13, but RBI has no option but to bat for growth in its monetary policy review on Tuesday. There hasn't been any serious monetary transmission after the last repo rate cut of 25 bps in late January, but having trimmed the policy rate, the central bank would want to keep the momentum going. ............
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