The IIP at 8.20% for Oct-2012 came as a positive surprise, though its coming on a low base of negative 5% previous year. It seems the economic cycle has bottomed out. With inflation still remaining on firm footing, today’s data hardly leaves any room for RBI to ease policy rates in upcoming Policy review on 18th December 2012. However the volatility in IIP numbers and tighter liquidity might leave some scope for CRR cut.” said Dr. Nirakar Pradhan, CIO, Future Generali Life Insurance.
http://www.indiainfoline.com/Markets/News/IIP-at-8.20-percent-for-Oct-2012-came-as-a-positive-surprise-Future-Generali/5563206957
