Manmohan Singh, Prime Minister

The United States government is acting… to resolve this crisis and restore stability. Uncertainty has led to anxiety… that is understandable. The plan we are executing is aggressive. It is the right plan, but it will take time to have its full impact.

George W Bush, U S President

Bush will meet with finance ministers and banking heads of G 7 countries when they gather in Washington today to formulate a coordinated response to the crisis

INDIA INDICATORS

SENSEX DOWN 800 POINTS, HALF ITS VALUE GONE IN 9 MONTHS

7% down, sinks to 10,527 points on Friday, at 2-year low 10,678.91 points (50.35%) down from Jan 10, 2008 high of 21,206.77 2,527 points (19.36%) lost in October alone Rs 243,200 crore lopped off total market cap on Friday Rs 417,000 crore investor wealth lost this week as market cap fell from Rs 37.96 lakh crore to Rs 33.79 lakh crore

GOLD AT LIFETIME HIGH…

Shoots to Rs 14,200/10g as meltdown drives investors towards bullion; could touch Rs 15,000 by Diwali

…RUPEE AT LIFETIME LOW

Sank to 49.30 against dollar before aggressive RBI selling lifted it to 48.38/43, still lower than Thursday

INDUSTRY HOBBLING…

August industrial growth plunged to 10-year low of 1.3% from 10.9% in corresponding period last year

…INFLATION SLOWING

Data released Friday showed inflation at 11.80%; can help authorities ease liquidity and interest rates