Saturday, January 21, 2012

Economic update

ü  The call money rate has gone beyond 10% due to liquidity problem in Indian market
ü  November Month IIP data has come as good news by showing a trend change at 5.9%
ü  December Month Inflation has gone below 24Months low at 7.4%
ü  INR is appreciating against USD since start of 2012 and has already appreciated 4% to around 50.30
ü  EURO has touched 17 Months low of 1.26 against USD
ü  USA unemplowment rate has falln to 3 years low to 8,5%
ü  FII has already brought in USD 3.6 Billion this year , although major part around USD 3 Billion has gone to Debt instruments
ü  Oil Price increase has continued to be a concern due to tension in Iran & Nigeria
ü  India Credit & Deposit  Growth is much lower at around 15.5%  as against last year of 24% for credit growth and 20% for deposit growth
ü  Equity market all over the World is appreciating since last one Month except few selected Countries like China , Japan , Australia , New zeland

No comments:

Post a Comment