Tuesday, 30 July 2013

RBI reduced GDP rate for fiscal year 2014

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RBI has reduced GDP projections for fiscal year 2014. RBI projected GDP growth of 6 per cent for the financial year 2014 has been reduced from 5.7 per cent.

According to RBI in fiscal year 2015, GDP growth is projected at 6.5 per cent. Inflation still remains a concern for RBI. Rupee depreciation and commodity prices, inflation is likely to rise.

RBI year in 2014, down from 6.5 per cent projected average inflation rate has been 5.3 per cent. The average inflation rate in fiscal year 2015 is projected to be 5.7 per cent.

In commodity market we have seen volatile movement in crude or bullion and other ncdex product not gaining good at that time ,share market like nse bse shows sleepy trend for today..

you just watch market clock and wait for good time..

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