Thursday, November 13, 2008

Inflation down to single digits; Dow down 400 points...

For the week ended November 1'08, inflation in India (as measured by the WPI) dropped sharply to 8.98%. [read here]. This is clearly a positive.

But, will we embrace the sharp the drop in inflation or will we discard it and follow stock markets across-the-globe to sink further?

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