Business News This Week
Business News This Week: Index of Industrial Production (IIP) of India is grown by 11.7% in November 2009 comparing the figures of November 2008. The growth of 11 per cent is phenomenal. In 2009, IIP was recorded the negative slope and the growth record from the negative mark is indicating the sign of recovering.
With the growing IIP, the Reserve Bank of India, may consider to judge the current interest rates. The RBI will review its credit policy on January 29, 2010. These rise IIP may help RBI to hike the interest rates in the country, to contain the rising food prices and food inflation.
There are speculations in the market about RBI rising the interest rates. The stock market in Indian is responding well, there are hardly impact of sentiments on the stocks of late. The stock market also in positive strides. Hope this is the best time have of RBI to change the structure of the interest rates.
With the growing IIP, the Reserve Bank of India, may consider to judge the current interest rates. The RBI will review its credit policy on January 29, 2010. These rise IIP may help RBI to hike the interest rates in the country, to contain the rising food prices and food inflation.
There are speculations in the market about RBI rising the interest rates. The stock market in Indian is responding well, there are hardly impact of sentiments on the stocks of late. The stock market also in positive strides. Hope this is the best time have of RBI to change the structure of the interest rates.
0 comments:
Post a Comment