RBI increased policy rate by further 50 bps to control inflation, at the same time, Inflation has eased for third month in row. Rupee hit all-time low and crossed 80 as US dollar is becoming stronger due to recession fears in Europe. Stock Markets have turned bullish and have jumped almost 9% on account of ease in inflation, resilient economic recovery and foreign inflows returning to markets after nine months.
Private Equity Deals include Advent and Carlyle to buy 10% stake each in Yes Bank for an overall $1.1 Billion fund raiseand Ahmedabad based Accumax raising $68 Million from Creador and Inv Ascent. To read more, click here.
