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  News Details
Good News
 
Bhagwati Auto Reports Good Results
 
No. of Trading Holidays comes down to 11
 
Gems and Jewellery Exports Rise 55%
 
Citibank Repays USD 20 bn to US Govt
 
November Core Sectors Growth Impressive
 
 
Bad News
 
Nifty May at Discount
   
3G Bids will Hurt Telcos
   
Political Instability is a worry
   
Inflation may Cross double digits by March
   
FII Investment in December may not cross October figure
   
 
  High Food Prices Could Force RBIís Hand
 
  Food prices moderated slightly but still rose nearly 19% annually in mid-December, and it is feared that food inflation could drive overall inflation as growth picks up and capacity related issues emerge. There is one point of view that the RBI would wait until January to gauge inflationary pressures before deciding on any rise in interest rates.It is believed that the central bank could first raise the cash reserve ratio (CRR) for banks by 50 basis points next month. This could be the  trigger for a correction in coming days.  
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