Global crude prices
In India, the expected fall in interest rates, which have hardened over the last year, will now probably have to wait for some time as the lag effect of rising oil prices will impact all sectors of the economy.
Print Edition: Aug 12, 2007
Status: $78 per barrel as on July 20, 2007.
Impact: Rising crude oil prices will fuel inflation in the world economy. In India, the expected fall in interest rates, which have hardened over the last year, will now probably have to wait for some time as the lag effect of rising oil prices will impact all sectors of the economy.
Primary market mobilisation
Status: Rs 26,113 crore in April-July 2007-08.
Impact: Rising IPO mobilisations augur well for the economy as well as India Inc. as this money translates, over time, into asset creation, which, in turn, should generate employment, thus, setting a virtuous cycle in motion.
