Thursday 11 July 2013

Government to release IIP, CPI data after market hours

Key macroeconomic data including gross domestic product (GDP) and index of industrial production (IIP) numbers will now be released after market hours, in an apparent bid by the government to prevent any knee-jerk reaction to such information.

According to a statement available on the Ministry of Statistics and Programme Implementation website, GDP, consumer price index (CPI) and IIP will now be released at 5.30 p.m.

A source said the government has taken this decision in view of deteriorating markets and the depreciating rupee.

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