Thursday, November 13, 2008
Inflation dips to 8.98%
Wow, what a good news it is to see inflation back into single digits. We can now hope RBI to cut interest rates further and ease the cash flow by cutting down CRR. Hopefully this should ease the liquidity concerns India is facing at the moment. IMO any measure taken now will require atleast one or two months to show any effect. So it is better our government acts swiftly and decides on PLR and CRR numbers before businesses across the country have to deal with irreparable damage. Anyways in this connection I have added a poll on when you people think our economy will be back on track. You have one week time to vote. I am interested in seeing the results as this will reflect the sentiments of Indians.
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