Thursday, October 15, 2009

15th October 2009,was quite eventful.
1.The Dollar was volatile,before settling slightly lower.The Re held its own, viz-a-viz the Greenback
2.Gold,Silver,Copper were down.
3.The Baltic Dry Index was up 3%,Crude was also up.
4.Sensex 30 odd points down.
5.India's exports and imports are still down,though improving as per reports,but problems persist with exports to the USA and Europe,two of India's major importers.
       The so called Economic recovery still seems a long way off,though Infrastructure will be used,as usual,like the Real Estate,to make people think the contrary,by the Centre.RBI needs to  tighten the rates,post haste,as the value of the hard-earned Rupee,is deteriorating,thanks to the liberal use of the printing press.But India Inc is against such a move.Prices,are also high,though inflation figures,doled out by the Govt,do not reflect the reality. MM Singh is succumbing to the pressure of the foreign forces,and it seems he is misleading,the nation,both literally and figuratively,reminding some,of the days of the so called,"Indo-US Nuclear Deal". 

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