The important economy number that comes in tomorrow is the industrial output numbers (IIP) for January. Robert Prior-Wandesforde, Head of India & South East Asia Economics at Credit Suisse, in an interview on CNBC-TV18, gave us his expert opinion on the numbers that he expects.
India still has additional challenges like mounting inflation and fiscal consolidation to deal with besides unpredictable crude prices. Munish Varma, head of global markets at Deutsche Bank India, feels that investors are cautiously optimistic on India as there are concerns about the interest rate cycle.
US oil futures eased from a two-and-a-half year high and the euro stalled on Tuesday, while Asian stocks remained under pressure as investors fretted that higher energy prices would stunt the global economic recovery.
In a bonanza to the farming community, the government today announced loans at interest rate of four per cent -- three per cent less than market rate -- for farmers who pay their dues in time and raised the credit target for farm sector by Rs 1 lakh crore.
European central banks appear to be edging closer to interest rate increases as inflation runs above targets, although fears of stifling fledgling recoveries may yet give policy makers pause.
The Reserve Bank of India (RBI) has released the minutes of the technical panel meet that was scheduled to discuss the January monetary policy.
Alluring investors with numbers that make their offer look attractive is the one trick that marketing gurus love to play. Understanding these numbers is important since they impact your financial decisions – your investments, income, expenses, and borrowings.
Gold futures are likely to recover from their 13-week low this quarter and extend their rise further to breach Rs 21,000 by the end of the third quarter, analysts and importers said.
Food inflation eased marginally from a one-year peak, but remained high enough to keep pressure on annual headline inflation in December and reinforce expectations of an interest rate rise this month.
This new year consumers will feel pinch of loans a little more harder as some of country’s largest lenders have hiked minimum rate of lending or the base rate effective from today.