Events in Japan are expected to weigh on the mind of Reserve Bank of India governor D Subbarao while charting the course of action in his mid-term policy review on Thursday. However, the majority bet continues to be on a 25 basis point hike in policy rates.
Fears that quake would push Japan, the world's third largest economy, further into recession resulted in oil prices dipping more than $4 per barrel to $97.4 on Monday.
Fears that quake would push Japan, the world's third largest economy, further into recession resulted in oil prices dipping more than $4 per barrel to $97.4 on Monday.
No comments:
Post a Comment