India's overall retail inflation eased to 4.41 per cent in September, helped by falling commodity prices, but rural inflation was at 5.05 per cent
Indian companies struggle to escape debt burden as profit slows.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
India was less directly affected by the Chinese stock market rout and yuan devaluation that battered currencies and markets in the region.
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
The new hire, Gangadhar Darbha, joined as a consultant
RBI takes steps to control inflation but the masses are not convinced.
The RBI's next policy review is set for Sept. 29.
Companies are still struggling to recover from years of exuberance.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
Overhauling India's bloated and often sluggish state banks is critical for the government
A gradual weakening of the rupee, however, may add to inflationary pressures.
Rbi cut rates for teh third time to ease economic situation.
RBI will cut rates in its next policy announcement on June 2.
Analysts expect the Reserve bank to cut rates in next monetary policy.
Investor lobbies and tax lawyers estimate the bill for international funds and banks could be as high as $8 billion
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
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