BUZZ-Strong chance RBI cuts interest rate when hike may be necessary

* Probability of a 25bps rate cut to 6.25% on Thursday is 76% * Most of the 67 economists polled by Reuters disagree seeing repo unchanged * The backdrop certainly does not suit a rate cut * Rupee slumping, gas and palm oil surging - more inflation in pipeline * CPI 3.54% in July rose to 6.21% in October - next release Dec 12 * Any easing will heap pressure on a fragile INR fuelling more inflation * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ India interest rate outlook https://tmsnrt.rs/4eWij2J ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))