Thursday, December 13, 2012

IIP surprises: Will Subbu be able to battle inflation in peace now?


Reserve Bank of India (RBI) Governor Duvvuri Subbarao just got a new number to factor in before he unveils his review of the monetary policy on 18 December. Surprising most economists and observers on the upside, the latest Index of Industrial Production (IIP) print for October 2012 came in at a healthy 8.2 percent, much higher than most expectations which were in the region of 4.5 percent..........

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