Factory output data is expected
to be declared today. Sachin Karpe
opines that the battling a turbulent economy, it is quite unlikely for the data
to look positive. As the polls have suggested that the figure shrank by 0.8% in
July, the data looks to be somewhat the same, feels Sachin Karpe.
The underlying industrial
production momentum is expected to remain low due to weak global cues. The data is also expected to reflect consumer
inflation numbers as food prices have continuously risen in last few months. To
top this, the rupee value fall against dollar has also hurt the economy and put
pressures on gold and crude thus soaring India’s import bill, tells Sachin Karpe.
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