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The US treasury market reaches breaking point

The US treasury market reaches breaking point

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Skip Navigation LinksHome :: Markets/asset classes :: Foreign exchange :: Finance Minister: monetary tightening to tame inflation in three to six months.

Tuesday, August 12, 2008

Finance Minister: monetary tightening to tame inflation in three to six months.





Finance Minister: monetary tightening to tame inflation in three to six months. According to news agency Reuters , Finance Minister P Chidambaram stated last Friday that India's inflation was likely to be brought under control in the next three to six months owing to the tightening of monetary policy by the Reserve Bank of India (RBI). In late July, India's wholesale price index increased to 12.01% for the first time since 1995 and analysts are expecting it to rise further.







The market is totally unregulated and those who hold the contracts do not know whether their counterparties have adequately protected themselves

George Soros

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