Business Today

Global crude prices

Rising crude prices (which have topped $100 per barrel on intraday trade) are playing spoilsport. It’s bad news for the economy as an oil price hike is now a certainty.

     Print Edition: January 27, 2008

Global crude prices

 Status: $99.80 (Rs 3,992) per barrel


Impact: Rising crude prices (which have topped $100 per barrel on intraday trade) are playing spoilsport.

It’s bad news for the economy as an oil price hike is now a certainty.

Rising oil prices are expected to fuel inflation, which will weaken RBI’s resolve to ease interest rates, at least in the short term.





FII inflows


Status:
$1.38 billion (Rs 5,520 crore) in December 2007

Impact: There has been a decline in the net FII inflows over the last two months due to the US subprime crisis.

In fact, the high return (almost 40-45 per cent) given by the Indian market has also stretched valuations quite a bit.

However, the consensus on D-Street is that more FII inflows will happen in 2008.

 

 

 

 

— Compiled by Anand Adhikari

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