Index of Industrial Production (IIP) for the month of July came in at 3.3% as against 8.8% in previous month, way below the street expectations. The IIP data stated that the capital goods industry grew only 15.2% in July against 37.7% in the previous month. Is RBI Still going to hike repo rate? everyone is waiting fingers crossed , Most of broker houses are stating that RBI donot hike repo rate as IIP Data is not acceptable at all
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