The sudden petrol price hikes have made the platform set for the interest to scale up for the automobile, corporate and housing loans with the RBI hugely anticipation to increase vital rates by Friday noon to sustain the inflation. Mr. D Subbarao, the Governor of RBI will evaluate the mid-quarter review of the fiscal policy for this financial period against the milieu of annual inflation for one more time. The exerciser's agenda is to prod double-digit levels, although the industrial productivity has loosened. The people are venting out their anger on this as this the 12th time since last January and the anger is more after the state-run oil retailers declared an increase of Rs. 3.14 per litre in petrol prices... Continue Reading>>>
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