Interest rates may remain unmoved by the dip in industrial growth

There is no doubt that falling economic growth indicators will put more pressure on RBI, which is waging a lone fight against inflation, to change its stance If there was any confirmation needed that the economy is in the grip of a slowdown, this is it. Dodgy though they might be, the Index of Industrial Production (IIP) numbers for October show the first contraction since June 2009. As the chart alongside shows, even the three-month moving average indicates that the metric is at a 27

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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