| IIP data for the month of July are higher than expected. July IIP @7.1% Vs 5.4% in June Capital Goods Growth at 21.9% Vs 12.3%(YoY) Manufacturing Growth at 7.5% Vs 8.8%(YoY) Mining Growth at 5% Vs 3.2%(YoY) Yet we strongly recommend to trade wisely even if the IIP numbers are good. |
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