Chinese policymakers are trying to solve the issues on daily basis being reactive to situations rather than forecasting the issues to lay down solutions much in advance.
Consumption of petroleum products rose 17.8 per cent to 15.2 million tonne (MT) in October 2015 from 12.9 MT in the same month last fiscal.
When PM Narendra Modi assumed power, he inherited a paralysed system. For that my initial assumption was that it will take him at least two years to reactivate the system.
To what level the price of crude oil may settle down is a big question mark because too many variables are involved but already voices of it hitting $20 levels in medium term are in the air.
Consensus emerging on future price of gold is that it will hit $1,000 - how soon is the topic of intense discussion among gold traders.
Interest rate futures maturing in the second half of next year are rising slightly, showing traders are wagering the Fed will manage no more than two further hikes.
With global rating agencies approving the reforms agenda of the government, the rupee will most likely outperform its peers when the Fed eventually hikes rates.
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