Fiscal deficit expected to overshoot to 3.7% of GDP in FY19, says Bank of America Merrill Lynch
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According to Sen, the first priority of the new RBI Governor is to defuse the liquidity crunch. «So we expect the RBI to step up open market operations (OMOs) to Rs 50,000 crore a month in March quarter.»Fiscal deficit expected to overshoot to 3.7% of GDP in FY19, says Bank of America Merrill Lynch
According to Sen, the first priority of the new RBI Governor is to defuse the liquidity crunch. «So we expect the RBI to step up open market operations (OMOs) to Rs 50,000 crore a month in March quarter.» Read more