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Reserve Bank Can't Decrease The Interest Rate: Indian Finance Minister Do not know “What is the Status of Indian Economy” and trying to pressurize RBI Governor Raghuram Rajan to decrease the Bank Rate [ie., Interest Rate in Whole concern”], which will be helping the industries, but what about the lack of monsoon led agriculture sector. How can we decrease the interest rate [Bank Rate] supporting the reason that Indian economy is having low inflation rate, Crude prices have come down and India’s growth factor.  India’s Inflation Factor: Last year Arhar dal was of the price of Rs. 60 – Rs. 80 per kg and now it’s zooming around Rs. 112 – Rs. 120 per Kg. Moong is also heading to Rs. 80/kg. Masur has increased to about Rs. 75/kg. Only Chana dal has increased by Rs. 5/kg. Cooking Gas has increased to Rs. 645 per Cylinder. Cooking oil [taking the example of Ruchi Oil] has increased to Rs. 80/litre, which was about Rs. 65/Litre.  Tomato is on the sky...

Aboutme.SubinFinance – Now Buy a House in United States, Will Gain Profit United States commerce department confirmed that there was demand of houses increased to about 1.206 million and the target estimated was 1.190 million. This is considered to be highest since October 2007. This will surely support the call for interest rate hike by the Federal Reserve.   The report has confirmed that the number of permits issued for constructing building has come down to 16.3% last month.  But the expectation is that it will be tumbling by about 8%. This makes the United Stocks to fall and United States Dollar made the hue-cry against all the six currencies of the basket. Dow Jones rendered a loss of about 0.35%. S & P future too lost 0.30% and NASDAQ dipped more than 30% respectively. Gold, Silver, Crude and Copper has fallen due to this appreciation. Gold Gold hit the low today and hitting more low due to immense pressure of United States Dollar to increase.  G...

Chinese Yuan and The World Market: Aboutme.SubinFinance Get Google Apps & Make Money With Me[referral link]: https://goo.gl/2Mdc3E Chinese Yuan had inched towards instability after the PBOC depreciated the currency by over 1.80%, still not flexible on the move that the economy will stabilize. The country was growing at the rate of more than 10% per annum and now reeling on low export, low employment and low demand from the world market. Chinese Yuan opened at 6.4300 and closed on 6.3231 on Tuesday. Yuan will be coming to stability if the economy is attaining stability and depreciation will attain benefit unless economic parameters work well with the move. Still we can’t say that currency is at equilibrium or not.  The Yuan Central parity is at 6.4010 and maybe expecting downward movement of about 1.1% to 1.8% respectively. This is called market devaluation. Australia : Get Google Apps & Make Money With Me[referral link]: https://goo.gl/2Mdc3E Chinese...

China Devalues Yaun Once More….. Get Google Apps & Make Money With Me [referral link]: https://goo.gl/2Mdc3E Asian market fell on Wednesday due to policy put forward by Chinese Central Bank by devaluing the currency “Yuan” once more and send shock waves in the region.  Shanghai Composite has fell more than 0.65%, while S&P index eased more than 0.80% and Nikkei down about 1.09%. The People Bank of China has set the Yuan at 6.3306 against the US$ Dollar on Wednesday after a massive devaluation of about 2% and shift to market-oriented exchange rate, now moving it 1.61% more weaker than Tuesday fixing and since Ocotober 11, 2012, the weakest.  PBOC are allowing Yuan to weaken which will increase export of Chinese goods and rogue trading will stop. The Yuan first put-up at 6.3231 to US$ Dollar and in the Wednesday morning it has been set as 6.2298 against it which will create competitiveness in the country’s trade. This is done on the basis of the credit da...