ECONOMY & MARKETS

India's IIP Declines In November; Analysts Expect Rate Cuts

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India's industrial output in November unexpectedly dropped by 0.1 percent to 8.2 percent from the revised growth rate of 8.3 percent recorded in October, the official data released Thursday showed. A Reuters poll of analysts had predicted 0.7 percent growth rate.
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Japanese Bank Note

Japan's Monetary Base Up 11.8% In December

Japan's monetary base rose in December compared to that in the same month last year, indicating that the monetary easing policies are leading to an increase in the amount of currency in circulation which in turn results in reviving economic growth.

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