Intraday Trading : Market Trend Research Advisory Company Delhi NCR
India's services industry grew for a second month in August but optimism fell to its lowest level since late 2005, a survey showed on Thursday, keeping pressure on the Reserve Bank for another rate cut later this month to bolster a slowing economy.
The Nikkei/Markit Services Purchasing Managers' Index rose to 51.8 in August from July's 50.8, marking a second month above the 50-level that separates growth from contraction.
The relatively downbeat survey, coupled with low inflation and disappointing economic growth in the March-June quarter, is likely to add to calls for the Reserve Bank of India (RBI) to cut its key repo rate again at its Sept. 29 meeting.
"With growth remaining relatively weak and survey evidence pointing to a lack of inflationary pressures across the country, further rate cuts are on the cards," said Pollyanna De Lima, economist at survey compiler Markit.
The RBI has already trimmed interest rates three times this year and with consumer price inflation at a record low 3.78 percent in July, Governor Raghuram Rajan was already under pressure to ease again.
New business did accelerate in August, the survey showed, boosted by higher demand and capacity improvements, but after three months of job creation firms kept staffing levels steady.
Get the levels for commodity market so that the trade could be easy and risk free for you. Get the sure shot commodity tips for us and start trading from now onwards. Get mcx commodity updates, energy commodity updates, gold commodity updates, silver commodity.We come across as an unbiased information provider across the wide spectrum of personal finance comprising of thecommodity updates, gold commodity updates, silver commodity. To Know More Visit Us – www.markettrendresearch.com or call us 09540803007 - See more at: http://markettrendsresearch.blogspot.in.
TopTraders is the first international social trading community. We help retail and institutional investors expand their network, share their market sentiment and trade ideas to make better investment decisions.
Intraday trend provide best intraday tips for day trading. Our Aim to provide premium intraday tips at cheap price to metal commodity Traders, Who need to create profit by day trading in metal commodity market.
Contact us :- 9540803007, 9540804007, 01294010946
Advertise on APSense
This advertising space is available.
Post Your Ad Here
Post Your Ad Here
Comments