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NEW DELHI: Industrial output contracted for the third successive month in October, dragged down by a sluggish manufacturing sector, while retail inflation soared to a near three-and-a-half year high in November on the back of double-digit food inflation, largely led by vegetable prices. The two datasets unveiled by the National Statistical Office (NSO) on Thursday…

NEW DELHI: Opec’s decision to deepen the production cut by an additional 500,000 barrels per day till March will have a muted impact on the fiscal headroom needed by the government to battle economic headwind, but a temporary bump in pump prices cannot be ruled out. There are several factors that will soften the impact.…