Moneycontrol PRO
you are here: HomeNewsOpinion

The story the latest data will tell the Monetary Policy Committee

The PMI data for July show a sharp rate of expansion of the Indian economy, albeit with some loss of momentum

August 03, 2022 / 12:41 PM IST
The story the latest data will tell the Monetary Policy Committee

Reserve Bank of India (RBI) Governor Shaktikanta Das (File image)

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...

  • PRO Panorama

    Moneycontrol Pro Panorama | After US, will inflation ease in India?

    Aug 11, 2022 / 03:21 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Nitish Kumar outfoxes BJP in Bihar, the Fed’s tightening may not be working, Nykaa may take on more gloss, and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers