Analysts at NriInvestIndia.com feel that the RBI can make a further cut in the prevailing repo rate as well as the reverse repo rate without waiting any further cut in the gas prices from the Indian. Keeping into consideration, the way that other price baskets both CPI & PPI have been going down, probably then [...]
With Obama becoming the new president of the United States, the global economy is quite likely to head back on the curve of financial prosperity; says most economic analysts from across the length and breath of the globe. His views are quite aggressive when it comes to corporate taxation & the shattered social security. Leaders [...]
RBI & SEBI action on the Indian Stock Market The Reserve Bank of India on Monday evening (6th Oct) cut the cash reserve ratio by 50bp to 8.5%. The cut will come into effect from 11th October 2008 and is estimated to release about Rs20,000 cr into the system. The last time RBI had cut [...]
US Bailout package rejected The ‘toxic’ Wall Street $700 bn emergency rescue package was rejected by the House of Representatives on Monday as few members were willing to shell out tax payers’ money for the unpopular measure only 5 weeks before election. The turmoil that started in US has began to spread to Europe as [...]
