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Sunday, January 25, 2009

RBI's monetary policy review

RBI's quarterly is set to be reviewed which will include monetary policy and also the global cues which will dictate the Tuesday's market. Markets will remain shut on account of the REPUBLIC DAY. Volatility may rise and market has the expectations of softer interest rates from RBI. After declining 10 consecutive weeks, inflation based on wholesale prices, rose from 0.36% to 5.6%. Economic advisory panel is expecting the fall of inflation to 3 to 4 percent. Aggregate results of 486 companies showed 24.80% in net profit

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