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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 Aboutme.Finance Gold is very optimistic this week and a strong rally took it above US$ 1140/Troy Ounce due to pessimism in the United States market.  The gain is above 5% and market has hit a six-week long run. This rally seems to be quite close that Gold will be reaching the US$1200/Troy ounce and will be stabilizing there. Then in September, Federal Reserve will be increasing the interest rate to about 0.25% and will change the course of Gold and other metals. So please take the profit and don’t stay there. One day it will destroy your valuable investment. Housing sector is improving, Wages are increasing, Inflation is slightly down and demand too is moving ahead gives more chances of United States increasing the interest rate. Apart from that, world economy is moving to decrease the interest rate and United States stands firm to increase it. This will help United States as people are interested to invest in this country and this investmen...

Jobless Claims High In United States The claims for new jobs are creeping up in United States last week and solid market momentum is taking place in labor market as Federal Reserve is on the path of increasing the interest rate. Unemployment forms submitted increased to about 4000 which is adjusted to 277,000 for the week ending August 15 th , said the Labor Department (USA). Revised data shows that 1000 fewer application were received and last week it’s claiming to see a lesser claims about 272,000. Due to this United States Dollar dipped against the basket of currencies. Gold remain bullish till September, but don’t remain investing and pull-out when you gain profit. Stock Index futures of United States dipped after the release of data. Federal Reserve is getting very good signal from the labor market, but can improve faster, but inflation is low and global economy is weak for increasing interest rate. This labor data shown for the last week shows that labor c...

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...

Aboutme.SubinFinance Aboutme.Finance Get Google Apps & Make Money With Me[referral link]: https://goo.gl/2Mdc3E GOLD The prices of Gold gained as investors started buying due to market volatility on growth prospects of the region. Japan’s second quarter fell 0.4%, less than the target of expectation about 5%. Gold has rose 0.22% to US$ 1115.20 in New York Merchantile Exchange.  Silver, too has gained about 0.11% to US$ 15.230/troy ounce. In the metal section, September Copper delivery has fallen to 0.80% to $ 2.324 a pound. This is due to concern that expectation of oversupply and slowing demand due to Chinese market slackness. China is only country who has an annual demand of about 40% of copper in the world market.   Friday, Gold got the beating because USA economic reports shows producer prices were higher for the third straight month in July and factory output increased at the faster rate in the last eight months. United states consumer se...

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...