July 5, 2016

Indian services growth slows for third straight month in June - PMI

REUTERS - Growth in India's services sector slowed to a seven-month low in June as new orders continued to soften, a business survey showed on Tuesday.
Though input prices rose, service firms were barely able to raise selling prices, suggesting the central bank may have room to cut interest rates again in coming months if inflationary pressures in the broader economy moderate.

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