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Rate cut fails to boost India consumer sentiment: Survey

The MNI India Consumer Sentiment Indicator eased marginally at 119.5 in June compared with 119.6 in May. "The June survey showed that consumer sentiment remains fragile with consumers increasingly wary of their finances and less inclined to make big-ticket purchases," the report said.

July 02, 2015 / 14:34 IST
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Consumer sentiments in India dipped marginally in June, as the latest interest rate cut by RBI failed to boost confidence, but there is optimism about employment conditions over the next 12 months, a Deutsche Borse survey said.

The MNI India Consumer Sentiment Indicator eased marginally at 119.5 in June compared with 119.6 in May. "The June survey showed that consumer sentiment remains fragile with consumers increasingly wary of their finances and less inclined to make big-ticket purchases," the report said.

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It added, the easing of policy rates so far this year has helped stabalise declining trend in confidence. However, the latest rate cut of 25 basis points on June 2, has not yet trickled down to consumers.

"The sequential easing could have some upward impact on consumer sentiment over the coming months," it said.