Sunday, October 14, 2012

Good news at last, but will RBI blink?

 In what is a serving of good news, industrial growth showed a marginal pickup while retail inflation dropped below double-digit levels. India’s factory output, led by manufacturing, grew 2.7% in August, while retail inflation dropped to 9.73% in September. But the big question is whether it is sufficient to convince the Reserve Bank of India (RBI) to cut key rates at its policy review due later this month..........

No comments: