On fiscal front, the SBI report said markets would now definitely factor in a higher fiscal deficit in 2017-18. Photo: MintNew Delhi: With the government committed to fiscal consolidation, India might not have to wait for 13 long years for next sovereign upgrade by a rating agency, a SBI research report said on Friday. On fiscal front, the report said the markets would now definitely factor in a higher fiscal deficit in 2017-18. Referring to the pending Open Market Operations (OMO) sales on 23 November by RBI, the report said cumulative sales for the year would touch Rs1 lakh crore. “We think that the central bank should stop further OMO sales for now,” it said.

Source: Mint November 17, 2017 14:37 UTC