Sunday, November 18, 2012

Petrol price reduced :)

I suspect a conspiracy here. When the brent crude touches 110 dollars per barrel and the Rupee is trading at 55 Rupees per dollars, do our OMC's really having a leeway to reduce petrol price? Common sense says No. Indian Government business sense says yes....

The plan to show the inflation at much lesser rate than last month to extract a rate cut from RBI. I will not be surprised to see the inflation rate of less than 6% even less than 5% next month which will be used to pressurize Subbarao. 

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