.......Lack of government action to address the country’s fiscal woes might prolong the wait for rate cuts from the Reserve Bank of India (RBI), economists say. RBI has not changed the policy rate since the annual monetary and credit policy announced in April, owing to sticky inflation and hopes the government would act to support the central bank’s efforts. Currently, the repo rate, or the rate at which banks borrow from RBI, is eight per cent.......
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