RBI May Well Be Right The outlook for inflation in 2003-04 is expected to remain benign, according to the Reserve Bank. This at a time when inflation, measured by point-to-point changes in the wholesale price index, is well over 6 per cent and the monsoon, or at least the Met office, promises another difficult year. International commodity prices, too, show signs of hardening, despite the welcome signs of crude prices remaining soft. Is it time then to take the central bank