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As Per The Market review after losing 7.2 % against the Dollar, as compared to 3 Year high levels in August, the falling rupee may not play a good role to the Central bank's efforts to Control Inflation.
The Reserve Bank of India (RBI), in its mid quarter review said that the depreciating rupee may have adverse implications for Inflation.
The rupee on Friday closed at 47.27 against the dollar, compared with yesterday's (16th sept 2011) close of 47.55.
As per experts View Make Gold as an Investment:
In the last 1 and 1/2 Years, RBI has raised its policy rates 12 times to reduce Inflationary expectations.In accordance the Central Bank said this rate increase would reinforce the impact of past ones on Inflation, which remains persistently high.
Inflationary Pressure increases in India due to High Commodity Prices all over the world. Besides paying more for the same commodity, Indian importers now need to spend more local currency to buy the strengthening dollar. This rise in cost is likely to be passed on to customers.
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Active Stocks For Coming Days :
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Which Stock to Buy/ Which Stocks To Sell for 19th Sept CLICK HERE
As Per The Market review after losing 7.2 % against the Dollar, as compared to 3 Year high levels in August, the falling rupee may not play a good role to the Central bank's efforts to Control Inflation.
The Reserve Bank of India (RBI), in its mid quarter review said that the depreciating rupee may have adverse implications for Inflation.
The rupee on Friday closed at 47.27 against the dollar, compared with yesterday's (16th sept 2011) close of 47.55.
As per experts View Make Gold as an Investment:
In the last 1 and 1/2 Years, RBI has raised its policy rates 12 times to reduce Inflationary expectations.In accordance the Central Bank said this rate increase would reinforce the impact of past ones on Inflation, which remains persistently high.
Inflationary Pressure increases in India due to High Commodity Prices all over the world. Besides paying more for the same commodity, Indian importers now need to spend more local currency to buy the strengthening dollar. This rise in cost is likely to be passed on to customers.
Fill the Free trial Form on left Side of Blog for daily Market Updates on Mobile via SMS
Active Stocks For Coming Days :
Buy or Sell these Stocks by Experts Advise CLICK HERE
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