Manufacturing rises to four-month high in January

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After contracting in the previous month, manufacturing registered a four-month high growth in January following inflows of new business from both domestic and export sources, showed a widely tracked Nikkei purchasing managers’index (PMI) survey. However, investment goods output and new orders fell which may have impact on future growth of manufacturing.

However, inflationary pressures remained on upside because of which a commentator associated with PMI does not expect the Reserve Bank of India to cut the policy rate on Tuesday.

Read Full Article Over Here : Business Standard News

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