What is the latest data the Monetary Policy Committee will weigh at its ongoing meeting, before taking a decision on interest rates on Friday? The Composite Purchasing Managers Index (PMI) for July came in at 56.6, indicating strong expansion from the previous month, although the pace of expansion in the services sector has slackened. The Composite PMI provides a snapshot of private sector activity in both manufacturing and services. A reading above 50 signifies expansion from the previous month. The...
Moneycontrol Pro Panorama | When boring is good news for the Street
Sep 30, 2022 / 02:25 PM IST
RBI chooses to stick to the rate hike narrative, markets leap 1,000 pointsRead Now
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