Surely, the RBI is being too cussed about not cutting rates - Rajrishi Singhal

........... In short, the RBI is playing truant: unless inflation comes down and “credible” fiscal consolidation begins, no rate cuts. The fact is that in the past 30 years, not a single year has passed without a fiscal deficit. And, “credible” fiscal consolidation has seldom been a feature of the annual budget making process, save two or three years in the interim..................

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