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RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

August IIP Rises 0.6% Vs 2.1% Estimate

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October 11: August industrial production data came in at a much lower than expected 0.6% today. August manufacturing output was at -0.1% versus 2.4% (YoY), while the electricity sector output was at 7.2% versus 1.9% (YoY). July IIP data was also revised to 2.75% from 2.6%. SBI’s Brinda Jagirdar reviews the data and tells us what it means for the Indian economy.