After RBI’s surprise rate cut, Govt wants rating agencies to mellow down
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Just days after the "Now we have a 50 basis points rate cut (in two tranches within two months) and I think that is good for the
However, after the presentation of budget for the upcoming fiscal, global and domestic agencies had ruled out any immediate upgrade in India's sovereign ratings.
"It (rate cut) shows that RBI and government are on the same page in terms of how we view the economy. It also means that Budget can be seen as conducive to non-inflationary growth," said Subramanian.
Revealing about the on monetary policy framework agreement, Subramanian informed that both the Ministry of
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