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Inflation dips to 8.90%, RBI may cut rates

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    • Agencies Tags : economy india, inflation, november 8 Posted: Thursday , Nov 20, 2008 at 1305 hrs
    Inflation
    Inflation rose 8.90 per cent on Nov. 8, marginally below the previous week's 8.98 per cent.

    He expected a 50 basis points cut in short term rates - Repo and Reverse Repo - as well as 100 basis points slash in mandatory deposit requirements of banks.

    RBI has already injected around Rs 2,75,000 crore in the system by taking a slew of cuts in policy rates and reserve ratios.

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    is it deflation?By: dijo joseph | 21-Nov-2008 Reply | Forward well, i am not an economist...but all the time we are tackling inflation...but isnt it a possibility that we are staring at deflationinflation was primarily due to rise in crude oil prices...upto $ 160...now its down to $ 60...so the prices are falling...commodity prices too...and by quite big amounts...wasnt trying to refute anything...pls share your feelings...thanks a lot...jo
    Infation Down (Artificial(By: Ramanandtirth | 20-Nov-2008 Reply | Forward How is the common man affected if Air fare is reduced, industrial furnace price is reduced etc? The most important: Petrol, Deisal remains the same what was when crude was $148 (present $49), this is the real cause of inflation and the Govt. is conveniently overlooking it and doing superficial acts like asking industry, auto etc to reduce prices which was rightly rejected. How does the Govt. justify retail fuel prices?
    Ignorant PeopleBy: Ris | 21-Nov-2008 Reply | Forward Common man never payed the higher price of petrol and diesel. Indian prices were only for crude cost of $67 per barrel. If we keep high subsidy then we will certainly screw our future for sure.
    Cut the fuel priceBy: Manu | 20-Nov-2008 Reply | Forward if the govt now reduces the fuel prices now the inflation can be brought down further to 6%. The RBI is looking towards cutting the key rates again and pumping some more fund to the market for more liquidity. it would be better if the govt act now to help the market before it reaches the US condition where the major auto giants are begging to the govt to help them from falling bankrupt!!
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