India hikes interest rates again to fight 11.6% inflation

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investorzzo's picture
investorzzo
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India hikes interest rates again to fight 11.6% inflation

http://www.usatoday.com/money/world/2010-11-02-india-inflation-rates_N.h...

machinehead's picture
machinehead
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Re: India hikes interest rates again to fight 11.6% ...

Sixth hike this year? 

It's true, India is leaning against uncomfortably high inflation, which is approaching a double-digit rate.

But at some point, they are going to go too far and push the Indian economy into a 'growth recession.' Sentiment toward emerging markets has become too bullish, I think.

V's picture
V
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Joined: Dec 14 2009
Posts: 849
Re: India hikes interest rates again to fight 11.6% ...

Perhaps with a growth rate of 8-10% double digit inflation is not as big a problem if you can keep growing with the economy? .........Oh wait EXPONENTIAL GROWTH.

Best of luck Bharat

V

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