RBI rate cut may be further delayed: Citi

.....With the RBI time again indicating that its priority is inflation and the economy may have to sacrifice growth to bring down inflation, it is very unlikely that the central bank will cut its policy rate in the next policy review on 31 July. “With inflation likely to remain sticky and rating actions coupled with the RBI’s latest policy stressing on the need to address supply-side imbalances, this once again put the onus on the govt to create a positive investment environment and implement tax and subsidy reforms,” ....

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