Manufacturing in India continues to rise

Source: CNBC

Indian manufacturing sector steadily continued developing in May. Manufacturing PMI, according to Markit, decreased insignificantly from 54.9 to 54.8. It has been staying above 50, which points to growth, for the last three years.

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Fri, 01 Jun 2012 18:18:12 GMT

Policy failures in India could lead to stagflation

According to Taimur Baig, who is Chief Economist of Global Market Research in Deutsche Bank, stagflation will persist for two more quarters, and inflation will possibly reach 7.8%. According to the expert, inflation will remain above the trend, while economic growth will slow down.

Fri, 01 Jun 2012 17:56:10 GMT

The U.S. dollar rose because of global growth concerns

Although, non-farm payrolls missed estimates, the U.S. dollar rose against other major currencies on Friday, as concerns about European and Chinese growth continue. EUR/USD was traded at 1.2318, gaining 0.40% today.

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