Rate Cut Doesn't Change India's Sovereign Credit Profile: Fitch

Mumbai: The Reserve Bank of India's unexpected 25 basis points rate cut does not change the country's sovereign credit profile, an analyst at Fitch Ratings told Reuters on Thursday. Instead, Thomas Rookmaaker, a director at Fitch in Hong Kong, said government fiscal consolidation and the creation of a "credible low inflation environment" were more important factors. "The fiscal position is a long-standing key weakness in Indi...