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Did the stock markets smell it ahead of others? The Indian economy is close to bottoming out, says leading research outfit Nomura. After four quarters of consecutive declines, the index which measures real M2 money supply, non-oil imports, equity returns, repo rate, real bank credit, industrial output and tourists rose in first quarter (Q1) of [...]
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Economic Times in an article today reported that the based on the lower the expected Inflation numbers (0.44% ) the Reserve Bank of India must further cut its Repo, Reverse Repo and may be CRR rates to provide necessary stimulus to the economy. We all remember that RBI already has cut its rates to record [...]
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India is projected to witness a growth between 7-7.5% during the current financial year, after remaining in high growth path constantly for the last four years, said Ashok Chawla, secretary, department of economic affairs. Whereas, the pace of growth next year is dependent upon how long the global recession lasts and how quickly capital flows [...]
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Global coffee exports have declined by 2.9% to 95.11 million bags during the 2007-08 crop year, reports agency sources. According to the International Coffee Organization (ICO), in 2006-07, global coffee exports stood at 97.96 million bags. During 2007-08 (the coffee year runs from November to October), world arabica and robusta exports totaled 62.5 million bags [...]
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Prime minister (PM), Manmohan Singh has said that despite economic recession and the difficult situation in western countries, India`s growth rate would be maintained at around 7.5% in 2008-09. India recorded 7.6% growth in the last quarter of the current financial year. Economic crisis was looming all over the world due to the recession that [...]
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Indian GDP stands at 7.6% v/s 7.9% in last quater. India’s economy grew at the slowest pace since 2004 last quarter, increasing pressure on the central bank to cut interest rates. Asia’s third-largest economy expanded 7.6 percent in the three months to Sept. 30 from a year earlier, after a 7.9 percent gain in the [...]
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The annual Wholesale Price Index-based inflation rose 8.84 per cent for the week ended November 15, marginally down from the previous week’s yearly rise of 8.90 per cent. The latest WPI inflation rate was the lowest reading since May 17 and well below early August’s peak of 12.91 per cent. The official WPI for ‘All [...]
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Wednesday’s terrorist attack that rocked the financial capital of the country could further dampen investor sentiment already shattered by the credit crisis, say analysts and marketmen. However, most of them do not expect a sharp fall in key indices. “There might be a knee-jerk reaction in the market when it opens”, said Mr Manish Sonthalia, [...]
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Global credit rating agency Standard and Poor’s has maintained a credit watch with negative implications on troubled financial giant Citigroup INC , after it received a multi-billion dollar rescue package from the US government. “We expect the support to reduce impact of deteriorating asset quality on the ratings and help to restore confidence in the company. [...]
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US markets had rallied. Asia has opened mixed. Europe was down on an avereage of 3%. Expect markets to have a flat opening. The support for the Sensex is 8450-8316 and the resistance to the up move is at 9635-10324. Nifty: (2693) the support for the Nifty is at 2500 and the resistance to the [...]
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