India services PMI falls to 13-month low in November, economy hit: HSBC

Comments 0
Shows an economy limping towards its slowest full-year growth in a decade. (Reuters) Shows an economy limping towards its slowest full-year growth in a decade. (Reuters)
SummaryShows an economy limping towards its slowest full-year growth in a decade.

suggest that the RBI should be inclined to continue to hold fire (keep interest rates unchanged)".

The RBI is scheduled to announce its mid-quarter monetary policy review on December 18. Reserve Bank governor D Subbarao has resisted a widespread call for the growth-propping rate cuts for some time now, citing the elevated inflation.

Single Page Format
Ads by Google

More from Economy

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...