New Delhi, Nov. 13 -- Wednesday's inflation data is likely to push the Reserve Bank of India's Monetary Policy Committee to cut the policy rate when it meets in December, with retail inflation, as measured by the Consumer Price Index coming in at 0.25%, resulting in a real policy rate of 5.25%. That's the lowest inflation ever recorded in the current series which starts from January 2012. And it is the highest real interest rate since in the period for which we have data in the current CPI series. RBI Governor Sanjay Malhotra had suggested in October that the central bank could do just this. "Even though growth is strong by current reckoning, its outlook is softer and is expected to be below our aspirations. The benign outlook for headline and core inflation as a result of the downward revision of projections opens up policy space to further support growth," minutes of the MPC meeting held in October quoted Malhotra as saying. P15...