The inflation numbers (CPI) touching record 18.3% in last week and the news that has come out today that petrol (i.e Motor Spirit MS) prices would be increased by approximately Rs. 2.50. SENSEX showing anxiety or discernment of trading market::
All eyes are on the RBI's Quarterly review scheduled on 25th Jan 2011.
And that recently all Indian big bankers visited RBI officials with an urge to reduce the CRR, SLR!!
And that the Finance Ministry going public and stated on record "we don't understand how inflation is moving now!!" It's the same ministry which has largely backed out 'from supporting' OMCs which running into RED. Who has also refused the Oil Ministry's request to increase HSD prices. There will not be any major surprise if the big-ticket/Mega IPO of IOCL gets postponed till next notice.
And that Agriculture minister Mr. Sharad Pawar accusing 'media' for baseless-ly increasing non-existent inflation (??)
What would happen to HSD prices? What . Duvvuri Subbarao would do?
-:Dhan
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