World News: 01:00 GMT Sunday 2nd June 2019. [Yahoo Business News Feed via SPi World News]
Despite the central bank’s two interest-rate cuts this year, borrowing costs in the economy aren’t coming down fast enough. Liquidity has also dried up in recent months as demand for cash picked up ahead of India’s six-week election. Constrained by a widening budget deficit, Prime Minister Narendra Modi -- who was sworn into office for a second term last week -- may increasingly look to the Reserve Bank of India for help in spurring lending and growth.
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