Fiscal discipline, lower government debt create room for rate cut
The Budget has created room for RBI to cut interest rates by maintaining fiscal consolidation and reducing government borrowing. With the lower fiscal deficit target and expected healthy income tax collections, the RBI may lower the policy rate in the upcoming MPC meeting.
The Budget has created room for RBI to cut interest rates by maintaining fiscal consolidation and reducing government borrowing. With the lower fiscal deficit target and expected healthy income tax collections, the RBI may lower the policy rate in the upcoming MPC meeting.
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