India manufacturing output declines first time in two years

Note: This section contains information in English only.
Source: Bloomberg

In October the industrial production of India dropped the first time since 2009 depreciating bond yields and the rupee. Output at utilities, mines and factories decreased 5.1%. Economists surveyed by Bloomberg predicted only a 0.7% decline. Today's figures may force central bank to consider benchmark interest rate cut, said analysts.

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Mon, 12 Dec 2011 09:47:42 GMT

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