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India's deficits and short-term debt levels are "disturbing," but it is not facing a repeat of a 1991 balance of payments crisis, Reserve Bank of India chief Duvvuri Subbarao said.
Dependent on imported oil which it then subsidises, India is exposed to external shocks such as high crude prices and has seen its fiscal and current deficits blow out in recent months, triggering some economists to warn of a looming crisis.
In 1991, India came close to defaulting on foreign debt payments when the first Gulf War drove oil prices up, leading to a depletion of foreign reserves and a currency crash.
Subbarao said the economy was far more resilient now and that the probability of an "implosion" was low.
India's current account deficit for last year is estimated to be higher than in 1991, and short term debt makes up twice as much of total debt as it did in 1991, the RBI governor said.
"That is quite a disturbing picture," he said. "Nevertheless, I would still argue that in 1991 an implosion was imminent, in 2012, an implosion in not imminent."
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RBI CREDIT POLICY ON TUESDAY
RATE CUT ON CARDS!!!!!
YES!!!!
1.Now.....Midcap SmallCap Stock Ready for Give500% to 5000% Return in Next 1-2 Year..
2. Now Every Second Person of Market Running to Pick Great Midcap Stock.
3. An Idea Can Change Your Life ..............For Great Midcaps IDEA..............JOIN US
4.Our List Of Great Midcaps Idea of Last 2-3 Years to Published.Very Soon
You Need Only!!!!!!
Where there is a dream there is a way!!!
Time of Stock Ideas come back
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What To Do Today........
Nifty....Today Face Resistence at......5395...5430...5475
Nifty.....Today Support at ....5305...5275...5205
Nifty Range...4200--------6600
TRACK ME RESEARCH......
NEXT TGT FOR
WE SHORT NIFTY @6100 TGT 5350 / 4800
OUR 1 TGT HIT NIFTY 5350 OUR 2 TGT ALSO
DONE 4850
DONE 4850
Scammmmmmmmm Rumors Every where
So Stay Away...
So Stay Away...
Our Opininon for Today's Market.......
1.Stock Specific Movement Expected Today ......
2.Midcaps Looks Good....
....
INTRADAY HOT STOCKS: 20/04/2012
BUY mnm @ 705 TGT 709/714 SL 701SELL BELOW 700
buy lt @ 1325 tgt 1335/1345 sl 1315 sell below 1310
BUY COAL@ 352 TGT 355/357 SL 348
BUY IGL AB 233 TGT 236/238 SL 229
1.Some Big Opertor & Market Guru Saying IF Market Break 200DMA NIFTY May Again Hitt4800
ACDO HOME WORK AND BUY OR CALL US TO HELP U
PRAJAY ENGINEERS SYNDICATE
(BSE TICKER-531746@ Rs.8/-)
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BLUCHIP STCK OF 2007-08 NOW TURN TO A PENNY STOCK
Prajay is a Hyderabad based real estate company, gives you more than just real estate. Prajay has been transforming the Hyderabad landscape for the last two decades by developing landmark residential and commercial properties in the twin cities.
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WE THINK WORST IS OVER FOR STOCK NOW
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GLORY OF 2007-08 TO COME BACK SOON !!!!
TARGET
Rs.14/- Rs.18/-
SOMANY CERAMICS
(Bse Ticker-531548@ Rs.46/-)
Somany Ceramics Limited, established in the year 1972, is a leading Manufacturer, Exporter of Ceramic Tiles Floorings
Insider Say Stock to Hitt New High Very Soon
BELIEVE IT OR NOT!!!!!
TARGET
Rs.58/- Rs.75/-
Lovable Lingerie Ltd
(Bse Ticker-533343@ Rs.368/-)
GREAT TIME TO BUY THIS STOCK
One of India’s leading women’s innerwear manufacturers. Our products include brassieres, panties, slips / camisoles, homewear, shapewear, foundation garments and sleepwear products. On December 26, 1995, our Company was licensed the brand “Lovable” from Lovable World Trading Company, USA .
“Lovable” and “Daisy Dee” are Company's flagship brands. Company's brand “Lovable” is amongst the top three most preferred brand in women’s innerwear in India.
Company has three (03) manufacturing facilities of which two (02) are situated at Kanakapura road in Bengaluru and one (01) is situated in Roorkee, Uttarakhand. two (02) manufacturing facilities situated in Bengaluru, Karnataka commenced operations in the year 1995 and the year 2005, respectively and have a total installed capacity of 30 lac pieces each per annum to manufacture brassiere and panties. Going forward, we propose to implement a project for modernization and integration at a new location in Doddakalasandra, Bengaluru which will result in increase in capacity and value-addition by 25 lacs pieces per annum. The manufacturing unit situated at Roorkee, Uttarakhand commenced operation in February, 2010 and has an installed capacity of 7.5 lac pieces per annum to manufacture brassiere and panties.
TARGET
Rs.600/- Rs.750/-
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