Special Report on
Rate hikes hit retail sales
Rate hikes hit retail sales - Trends
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India’s inflation is set to zoom with the announcement by the Manmohan Singh government on the freeing up of petrol and diesel prices. The announcement has raised hopes of a further decontrol of the oil sector over the next few years, which could help balance public finances and let private companies challenge state-run firms’ decades-old retailing monopoly. Prices of cooking gas and kerosene, the biggest component of subsidies, were raised lower than recommended by a panel of experts, to avoid burdening poor people and ward off opposition within the coalition. Meanwhile, India's annual monsoon rains, key to ...
The OECD upgrades growth forecasts for the world's largest economy, recommends policy tightening before year's end - Consumer confidence hits its highest level in two years, but details give reason for caution - The EURUSD stalls just at the midpoint of its historical range The impressive rally the dollar has forged over the past six months is coming up to another critical point of speculative, fundamental and technical reflection. It is perhaps more than coincidence that the benchmark currency would find a temporary level of equilibrium just ahead of the extended holiday ... Read More
SURVEY RESULTS FOR
RATE HIKES HIT RETAIL SALES
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