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India's April manufacturing PMI rises to 54.9 from 54.7 previously, led by strong export orders,...

India's April manufacturing PMI rises to 54.9 from 54.7 previously, led by strong export orders, which drove the overall new orders sub-index to 61.1. "The RBI's rate cut could turn out to have been premature and too aggressive," says HSBC's Leif Eskesen, noting both output and input prices grew at a faster pace in April.
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