......Nevertheless, lower oil and commodity prices will lower inflation; and if it’s correct that people have been buying gold as a hedge against inflation, then lower inflation should also lead to lower investment demand for gold. That, in turn, could lead to an increase in financial savings, a process that should also be helped by the Reserve Bank of India’s (RBI’s) issue of inflation-indexed bonds. Does this mean the economy is out of the woods? Not really............
No comments:
Post a Comment