Inflationary pressures are rising. Food, Telecommunication, Fuel have risen. Prices of Cement, Steel have also risen a bit. If the prices remain elevated, RBI may have to raise rates, if not in this meeting, may be in the next six months. Ideally, if they want to nip inflation in its nascent stage, they should do it now. But they won’t do it due to pressures from Corporates and Government.