The Reserve Bank of India (RBI) often mentions its OBICUS survey (order books, inventories and capacity utilization survey), which it carries out quarterly in its monetary policy statements. Capacity utilization, in particular, is an important gauge of the state of the industry, and it helps determine whether firms have pricing power. The latest OBICUS survey (18th round) says capacity utilization during the first quarter of FY13 is the lowest in 13 quarters. ........
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