Top economy news of the day

India Infoline News Service | Mumbai |

Manufacturing PMI dipped to 51.3 points in March from 52.7 points in February, when it was at a year-high, indicating moderate growth.

The suspense over approvals for new banking licences ended with the Election Commission giving a go-ahead to the RBI, which had sought its view as the election model code of conduct is in force. (BL)

RBI’s latest policy has kept the key interest rate unchanged, as expected, and indicated that RBI would keep rates steady in the near term if inflation eased towards RBI’s targeted level. (BS)

Manufacturing PMI dipped to 51.3 points in March from 52.7 points in February, when it was at a year-high, indicating moderate growth. (BS)

Merchandise imports fell 7.85% in the first 10 months of the current financial year against a 0.54% rise in the corresponding period of 2012-13, reflecting depressed prices of petroleum products, government measures to curb inbound shipments of gold, and low demand in the economy as well as in the overseas markets. (BS)
 

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