Saturday, August 9, 2014

Infosys, HDFC Bank Basing As India Wrestles Inflation

.............The data also hinted at some caution, with input prices accelerating faster than expected. That is a key concern in a country with consumer price inflation running at 7.3%, although down from 10% in 2013. Despite that threat, the Reserve Bank of India voted this week to leave its target interest rate at 8%. It sees inflation cooling off further and projects 5.5% growth for the country's economy this year.
Against that backdrop, ...............

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