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Ind-Ra assigns Barclays India AAA with stable outlook

Mumbai (Maharashtra) [India], Aug 14 (ANI): India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for the Indian branch of Barclays Bank Plc (BBPLC) at AAA with a stable outlook. ....

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RBI in a bind amid surging inflation; may not hike rates till Q1 FY23, says Barclays

RBI in a bind amid surging inflation; may not hike rates till Q1 FY23, says Barclays
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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March factory output up 22.4% on low base effect

March factory output up 22.4% on low base effect
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Last Updated: May 13, 2021, 07:11 AM IST
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Synopsis
The index of industrial production (IIP) shrank 0.8% in FY20 compared with the contraction of 8.6% in FY21. India imposed a nationwide lockdown toward the end of March last year, which was lifted in phases. Closures have returned due to the second Covid wave.
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Industrial production had contracted 18.7% in March 2020. This base effect is likely to last until August this year because of negative growth last year.
India’s industrial production rose by a sharp 22.4% in March after two months of contraction, helped by the year-earlier low base due to the first Covid wave, data released on Wednesday showed. Economists have warned that the second wave will dent growth expectations. Separately released data showed retail inflation eased to a three-month low in April to 4.29% from 5.52% in March due to softening food prices. ....

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India To Open Covid-19 Vaccinations To All Above 18 Years Of Age From May 1

India To Open Covid-19 Vaccinations To All Above 18 Years Of Age From May 1
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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March wholesale inflation up to 8-year high of 7.39%

“We expect WPI inflation to continue to rise for a few more months, possibly reaching double digits in May, the first time since September 2011,” said Rahul Bajoria, chief economist, Barclays India. ....

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