INSUBCONTINENT EXCLUSIVE:
bailout and lower interest rates.Gross domestic product rose 4.5% in the three months to December from a year ago, the Statistics Department
For the year, the economy clocked a contraction of 2.3%.The expansion comes as the South Asian nation seeks to win an initial approval for
the next tranche of a $3 billion IMF loan program
Negotiations with dollar bondholders over the terms of recast are underway.Industrial production expanded 7.9% from a year ago, while
While price gains are expected to peak in the coming months, the central bank sees no threat to its 5% target.Increased inflows from tourism
Its local rupee is at the strongest level since June, gaining 6% against the dollar this year.Source: Bloomberg
-Agencies
