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India cuts its official growth estimate for 2011 to 8.2%, still higher than private economists...

India cuts its official growth estimate for 2011 to 8.2%, still higher than private economists are predicting. More data to chew on: the July PMI prints at 53.6 from 55.3 previously, the 3rd consecutive decline. With inflation continuing above 9%, its unlikely monetary policy will soon stray from its tightening path.
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