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Indian GDP +5.5% Y/Y in Q2 vs. +5.3% in Q1 and consensus of +5.2%. Manufacturing output +0.2%,...
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Friday, August 31, 2012, 3:28 AM ETIndian GDP +5.5% Y/Y in Q2 vs. +5.3% in Q1 and consensus of +5.2%. Manufacturing output +0.2%, mining +0.1%, construction +10.9%. The Reserve Bank of India has been hawkish on lowering high interest rates as it seeks to fight inflation, so, says Westpac's Jonathan Cavenagh, "rate cuts are still seem some way off."
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