Friday, May 16, 2008

india economy news

Inflation surges to 3 1/2-mth high

The Reserve Bank of India (RBI) absorbed Rs 10.65 billion in the 4-day reverse repo auction and injected Rs 207.05 billion in the 4-day repo auction held on May 16, 2008

Inflation climbs further to 7.83%

Two European stock exchanges have shown interest in collaborating with the Calcutta Stock Exchange (CSE) and take strategic stake of 5% in CSE

Inflation to slip to 6% in 4-6 weeks: Assocham

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