Inflation in India at 9 months low
Inflation dropped to 6.84% for the week ending on 6th December. This is mainly because of the fall of crude oil which was reflected in other commodities. This downturn of inflation would continue as the base effect (comparing to last year) would help it to be low. Other reason for the reduction in inflation is the excise rate cut and good crop this season.
Reducing inflation figures caused the bond yield down in hopes of interest rate cuts. (Bond's yield is inversely proportion to interest rates)
Quick Update
Sensex crossed 10,000 mark.
Rupee getting stronger. INR was at 50.35 on 1Dec, 49.57 on 8Dec, 48.05 on 15Dec and 46.89 on 18Dec.
Crude goes further down to $36.22 a barrel falling 9.59% yesterday and 8.12% day before.
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1 comment:
read all the articles today..nice brief updates....better than reading the newspapers...so I have become a follower or ur blog now....
waise Satyam waala lafda thoda detail mein samjhao na...kaafi suna..saw in newspapers also...but dont know about it in and out....
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