India Rate Decision-Day Guide: Rajan Faces Pressure to Cut Again

  • Economists expect a rate reduction, then a prolonged pause
  • Focus will shift to Rajan's 5% inflation target by Jan 2017

Indian central bank Governor Raghuram Rajan is juggling an ambitious inflation target with political pressure to slash interest rates. That has most economists expecting him to cut once more on Tuesday before an extended hold.

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