Services growth at three­month high

NEW DELHI: Services sector grew at its fastest pace in three months in July on surge in new business orders and low prices, a monthly survey showed on Wednesday,

NEW DELHI: Services sector grew at its fastest pace in three months in July on surge in new business orders and low prices, a monthly survey showed on Wednesday, raising hopes for a rate cut by RBI governor Raghuram Rajan in his last monetary policy review next week. The Nikkei India Services PMI, which tracks changes in activity at services companies, rose to 51.9 in July, up from 50.3 in June.

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