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Manufacturing PMI hits 2-year low at 50.6

Nov 01, 2019 11:59 IST

India's October Markit manufacturing PMI came in at a 2-year low of 50.6 Vs 51.4 month-on-month. The number is lower than estimates of 50.9 and is seen as a bearish indicator for the currency and for growth. The news comes alongside a slump in core sector growth for the country.

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