Wednesday, May 12, 2010

Financial Crisis In Europe - Will It Affect Indian Stock Market?

The Deputy Governor of Reserve Bank of India, Mr. Subir Gokorno has expressed his fear that the recent Financial Crisis in Greece & other European Countries can affect the Indian Stock Market. Attending a conference in Kolkata on Monday, Mr. Gokorno commented that few foreign investments might back off from the Indian Stock Market, due to the above financial crisis. He added that though Investors may withdraw their capital from the market, the crisis would not last long. He added that in comparison to the Dollar, the Rupee would be further devalued on account of the above crisis.

Talking about the rising inflationary trend of foodstuff prices, Mr. Gokorno expressed hope that it could be controlled within a few days. He mentioned that everyone is looking forward to the Monsoons, likely to come in the month of June 2010. A good monsoon, he added, will eventually control the upward rising inflationary trend of the foodstuffs & other items. The Reserve Bank of India will very shortly publish a Report citing reasons for the upward rising inflationary trends.

Contributed By:
Prof. Jayanta Mitra
(Globsyn Business School)

10 comments:

Anja021netteC_021Restrepo1 said...

感覺很用心經營呢!鼓勵鼓勵........................................

紫勳 said...

傻氣的人喜歡給心 雖然每次都被笑了卻得到了別人的心......................................................

韋于倫成 said...

馬丁路德:「即使知道明天世界即將毀滅,我仍願在今天種下一棵小樹。」......................................................

紫倫妍勳 said...

you always know the right thing to say!............................................................

NorrisBradwell04張 said...

成熟,就是有能力適應生活中的模糊。..................................................

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