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Reserve Bank of India launches its quarterly industrial outlook survey

RBI also announced the launch of the next round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the ongoing quarter

  • Money9
  • Last Updated : July 20, 2021, 21:29 IST
While disbursement of coins to retail customers through counters of bank branches shall continue, banks are advised to provide coins to bulk customers (requirement of more than one bag in a single transaction) for business transactions. The banks may also use ‘door-step banking’ services for coin distribution to bulk customers, the RBI said.

The Reserve Bank of India on Tuesday launched its quarterly Industrial Outlook Survey (IOS) to assess the performance of the manufacturing sector. It also announced the launch of the next round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the ongoing quarter.

The 95th round of IOS of the Indian manufacturing sector will assess business sentiment for the current quarter and expectations for the ensuing quarter (Q3:2021-22) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and price situation.

“The survey provides useful insight into the performance of the manufacturing sector,” the RBI said.

The SIOS survey will assess the business situation for the current quarter from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter.

Published: July 20, 2021, 21:29 IST

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