IFR Comment: RBI and RBA - Those who can, do. Those who can't, wait

Reserve Bank of India

A sniffer dog from the Indian police is tied outside the Reserve Bank of India (RBI) head office in Mumbai on April 17, 2012. The RBI cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points. (REUTERS/Vivek Prakash)