The market is waiting for action of RBI on its coming annual monetary policy on 20nd April 2010.Analysts expecting that firm actions to be taken by RBI against inflation.
India right now has one of the highest inflation rate in the world and RBI seems to be behind the curve despite it started action of exiting its monetary policy ahead of other central banks.As per the weekly data by The Economist,out of 42 major economies only Venezuela seems to have more pressing inflation problem than India.
