The renminbi is expected to weaken another 2 per cent in six months.
CRR to remain unchanged at 4.00 pc this fiscal
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
Industrial ouput, however, was seen falling 0.6 per cent in January
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
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