econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

India: Inflation Lower, Rupee Higher

admin by admin
1월 18, 2012
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:  The wholesale price index for India rose 7.47% year-over-year in December, but this was down sharply from the November number (9.11%) India-flagSMALLand down from 10% six months ago.  This combines with rapidly falling food inflation (GEI News) to quicken hopes that the burden of inflation much above that considered healthy may be lifting.  Just days ago Sunil Chandra detailed in an Op Ed (GEI Opinion) why he felt inflation was about to come down significantly in his country.  However, others are cautioning that it is still too early to declare the inflation problems of the past 18+ months are over.

Here are some summary bullets from Global Finance:

  • December inflation eases to 7.47% on year from 9.11% in November; lowest rate in two years
  • Lower food prices help, but high prices of manufactured products still a concern
  • Headline inflation to ease to 6%-7% by end of March, says Finance Minister
  • India central bank to consider high manufacturing inflation before deciding on rate cut, says top adviser

The comfort level for the Indian government is around 6.5% according to Rupa Rege Nitsure, economist for the Bank of Baroda, quoted by Market Watch.

The following graph shows how persistent the inflation problem has been for India since the spring of 2010.  It is also evident how significant the latest drop in the Wholesale Price Index is.

india-wholessale-price-index-dec-2011annotated

The improvement in the inflation picture has been helping the rupee.  Over the past month the rupee has been rebounding vs. the U.S. dollar, rising 5.8%.  However it still has a long way to rally to get back to the strength it last had near the end of July.  From July to the middle of December the rupee crashed, losing 22% against the dollar.  As of January 17, 2012 it still remains 15%below the value just six months ago.

india-rupee-dollar-17-jan-2012-annotated

Sources:  Global Finance, MarketWatch, Bloomberg, ForexPros.com, GEI News and GEI Opinion Several articles on these topics are available on Econintersect Asia newspaper page.

Hat tip to Sunil Chandra.

Previous Post

Optimism Builds in Housing Market

Next Post

The Great Geopolitical Swing of 2012

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

The Great Geopolitical Swing of 2012

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect