Monday, November 4, 2019

Muted Diwali demand, GDP growth may fall to 5.8%: BofAML

RBI will cut key rates by a further 0.15% in February review, over the 0.25% expected after the December meeting, BofA ML said. Economic growth has slipped to a six-year low of 5% for the June quarter and is expected to turn in lower than that in the September quarter. Lack of consumption is seen as one of the key factors pulling down growth.

from Economy-News-Economic Times https://ift.tt/2pvmJLk

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