Thread: Current Mkt News and Rumors
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Old 07-02-2010, 03:51 PM
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• Food inflation rose to 17.56 %( 17.4 % a week
ago) for the week ended January 23, driven by
higher pulses, vegetable prices.
• India’s forex reserves stood at $280.95Bn as on
29th Jan 10, with a decline of $1.9bn over the
figures of 22nd Jan 10.
• IMF has projected Indian Economy will grow by
6.75% in FY10 which is lower than RBI projection
(7.5%) and govt of India projection (7.75%).IMF
has projected a growth in FY11 would be 8%.
• Investor’s withdrawals of almost $1.6bn as on
week ended Feb.3 (EPFR global reported) from
global emerging markets equity funds led to a fall
in MSCI index (Emerging markets index, a gauge
of 22 developing nation) by 2.6%.
• The euro weakened to an eight-month low against
the dollar over a concern of widening budget
deficits would adversely impact economic
recovery.
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