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basant
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   Posted: 30/Mar/2007 at 2:35pm |
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Saw that, so does not a reduction in current account deficit lead to a decrease in inflation over a period of time?
Edited by basant - 30/Mar/2007 at 4:43pm
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BubbleVision
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Posted: 30/Mar/2007 at 4:16pm |
I have no knowledge of relation of Curr a/c and Inflation.
However a decreasing current account deficit is generally good for a currency (as less rupee is now going out of the country), which in turn hurts exports. This then leads to an increase in the deficit.  |
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BubbleVision
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Posted: 30/Mar/2007 at 6:06pm |
News just in: 30 sec ago
India Raises REPO RATE
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BubbleVision
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Posted: 30/Mar/2007 at 6:08pm |
(IN) CENTRAL BANK RAISES REPO RATE 25BPS TO 7.75% FROM 7.50%
- Raises Cash Reserve ratio by 50bps to 6.50% in 2 tranches effective April 14
- Central Bank was not expected to make a decision until April 24, 2007
Note Russia also raised earlier today
*(RU) RUSSIAN CENTRAL BANK RASIES OVERNIGHT RATES BY 25BPS TO 2.50%
- RCB Raises one-week rates to 3.00% from 2.75%
- Rate hike was not expected
Edited by BubbleVision - 30/Mar/2007 at 6:52pm
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BubbleVision
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Posted: 30/Mar/2007 at 9:30pm |
(IN) INDIA CENTRAL BANK CHIEF SAYS GOAL IS TO MAINTAIN INFLATION BELOW 5% IN MEDIUM TERM
- fiscal consolidation still remains a matter of concern but there is reason for optimism
- challenge for India is to manage structural shift to higher growth path
- managing challenges involves several trade-offs, some policy flexibility may be needed
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You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer!
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BubbleVision
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Posted: 30/Mar/2007 at 9:49am |
Money supply expanded at the fastest pace in eight and a half years during the fortnight ended March 16, the Reserve Bank of India (RBI) said on Friday.
"The M3 measure of money supply grew by 22% in the two weeks to March 16 from a year earlier, compared with 22.1% in the previous two weeks, the central bank said in a statement."
And they also talk of containing Inflation. Yak Yak
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Vivek Sukhani
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Posted: 30/Mar/2007 at 10:13am |
What a double speak, really funny......where is all this money going??????Not only M3 but the velocity of circulation is also increasing as a result of which we may be in a period of not only inflation but huper-inflation..... the problem is we tend to look at inflation from the weekly angle but are unable to decipher the real cause and real reasons. we HOPE that inflation will cool... we talk about the base effect...... but then are we not missing more serious?????
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BubbleVision
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Posted: 01/Apr/2007 at 11:50am |
(IN) INDIA MANUFACTURING PMI FOR MARCH: 53.0 V 53.6 IN FEB; READING IS THE LOWEST SINCE THE SURVEY BEGAN IN APRIL 2005
India's PMI data is compiled by ABN Amro Bank.
What is PMI?
The Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
Edited by BubbleVision - 02/Apr/2007 at 5:21pm
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