SINGAPORE -- (Marketwire) -- 01/15/13 -- City Index Asia -- The Mumbai Sensex has made significant gains in trading this morning (January 14th), as Indian inflation fell to an 11-month low in December.
This is according to fresh Wholesale Price Index data -- the main gauge of inflation for the nation -- which showed the annual rate of inflation easing to 7.18 per cent in the last month of the year from 7.24 per cent in November.
Hopes of an interest rate cut have been boosted by this news, putting pressure on the Reserve Bank of India to make changes when its policymakers meet on January 29th.
The Central Bank has not lowered interest rates since April because inflation has remained higher than seven per cent as a result of a weak rupee and rising fuel costs.
At 10:00 GMT today, the Mumbai Sensex rose by 1.2 per cent to 19906.4 points -- a jump of 242.7 points.
About City Index:
At City Index, we provide a range of forex trading in Singapore. We offer a package of both web based and downloadable FX trading platforms, to help cater for all your trading needs. Both our web and downloadable forex platforms are highly customisable, giving you the opportunity to adapt the platforms to suit your trading preferences, whilst instant real time pricing technology ensures that you can trade forex quickly and efficiently.
City Index Web Trader (web-based platform)
City Index Web Trader is a web version of the City Index Pro Trader platform. No download or install required. Simply login online and start trading.
City Index FX Trader (Downloadable platform)
City Index FX Trader is an online retail forex trading platform, featuring one-click trading, combined margin, pip and premium calculator, price alarm, exportable reporting and much more.
Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Quiznos Files for Chapter 11