Friday, August 22, 2008
Inflation peaking.
Inflation touches to 16 year high and its reminding that another CRR wouldn't be a surprise. From next week sugar is also added to the inflation index which could possibly add atleast 5 basis points to inflation figures. Dollar depreciation is the best possible way for the government to tame inflation. But RBI doesn't seems to take any step to depreciate dollar rather its involved in depreciating rupee. Pain comes from inflation plus imports of oil.
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