Thursday, May 31, 2018

Moody's cuts India ratings

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Rating agency Moody's Investors Service  have cut India's 2018 growth forecast to 7.3 per cent from the previous estimate of 7.5 per cent, saying the economy is in cyclical recovery but higher oil prices and tighter financial conditions will weigh on the pace of acceleration.
Moody's, however, maintained its 2019 growth forecast at 7.5 per cent.

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