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Nifty Tips: India’s business optimism falls to its lowest level since 2005

Bengaluru: India`s services industry  fatten for a second month in August but optimism fell to its lowest level since late 2005, a  observation showed on Thursday, keeping pressure on the Reserve Bank for another rate cut later this month to bolster a slowing worth.

The Nikkei/Market Services Purchasing Managers` Index rose to 51.8 in August from July`s 50.8, marking a second month above the 50-level that divided growth from contraction.

 

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