Preview: RBI seen cutting interest rates, but it will be a close call

India's falling inflation rate gives the Reserve Bank of India (RBI) room to cut its policy rate to a more than six-year low to help an economy hit by a crackdown on cash.

The question is whether the RBI will pull the trigger on Wednesday or wait until April.

A Reuters poll last week, conducted before the government presented its annual budget, showed 28 of 46 participants expected the RBI on Wednesday to cut the repo rate by 25 basis points to 6.0 percent, its lowest since November 2010. Another two expected a 50 bps cut.

That slight bias toward