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Drought may lead to 5.8% GDP; expect lending rate cut: BofA

While analysts expected the June Index of Industrial Production (IIP) data, to be around 1%, it was well below expectations and was reported to be -1.8%. Indranil Sengupta, Chief Economist India at BofA ML too believed the number was going to be 1%, down from last month's 2.4%.

first published: Aug 9, 2012 10:50 am

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