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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%,...

Indian 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."
Comments (2)
  • bbro
    , contributor
    Comments (9852) | Send Message
     
    Nominal India GDP growth... 13.5%...10 year India bond yield 8.23%

     

    US nominal GDP growth 4.01% 10 year U.S. bond yield 1.65%
    31 Aug 2012, 03:51 AM Reply Like
  • MA Capital Management
    , contributor
    Comments (49) | Send Message
     
    Looks bullish for INR which has been lagging other Asian currencies on poor policy decisions and fear of slowdown. This GDP number should help!
    31 Aug 2012, 08:40 AM Reply Like
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