Thursday, 23 August 2018

How Indians are now loosening their purse strings

More than 1,200 manufacturing firms - both small and large - polled by the Reserve Bank of India (RBI) reported input price pressures and an increase in selling prices. The central bank raised interest rate twice since June to the highest in two years to curb price pressures and support the rupee amid a sell-off in emerging market currencies.

from Times of India https://ift.tt/2w81Upd
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