Thursday, December 18, 2008

General Comments 18th Dec.2008

Three Good things are happening
1) Prce of Crude oil is falling - Has come to $40 from $147
2) Rupee is appreciating - Has come to Rs.47 from recent high of above Rs.50
3) Inflation is falling
If this trend continues and Crude falls to below $30 per barrel levels and Rupee appriciates upto Rs.40 against dollar due to which Inflation goes below 3% which ultimately makes RBI getting the interest rates on Fixed Deposits upto 7.5 to 8% and Lending rates upto 9 to 11% then expect the economy to start recovering.