Can RBI move ahead of the curve?

There is now increasing apprehension that, for the 12th time in succession (since February 2010), RBI will resort to monetary tightening in September. For the statistically minded, there is also a contrarian view within RBI against rate hikes (RBI minutes of monetary policy meeting). Before attempting a rationale of such an action, we must state in the interests of full disclosure that we are linked inextricably with an apex business organisation. But we would like you to read on to know and judge the policy action based on plain speak. Plain speak 1: Since July 2011, when RBI increased the rates, the news from the global economy confirmed the worst fears of an impending recession.

Source : http://www.financialexpress.com/news/can-rbi-move-ahead-of-the-curve/844295/