Markets in March: Only fear and no greed
The Morning Brief
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Introduction
The Federal Reserve says prices were up 0.6% in January, and they are 4.7% higher compared to last year. All numbers were higher than economists expected, ending a three month stretch of cooling prices. Reports indicate that 38 lakh clients have left the market in six months,. And what does it mean for the global economy and India, who will also face its own heat of inflation this summer? We are at critical levels. Probably there is still room for some depreciation. In a competitive currency, it should be actually one of the important objectives of the RBI.
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