India's Inflation eased to at 58 month low of 3.74% - Microsec

The week started weak and then gained on the back of Fed announcement of maintaining status quo stance on the interest rate scenario front as well as also no indication on the timeline when they raise interest rate.

On Domestic front: India's Inflation eased to at 58 month low of 3.74 percent YoY in August 2014 against 5.19 percent YoY in the previous month. Moderation in Inflation was mainly led by favourable base effect along with fall in Food and Fuel group Inflation.

India's Exports rose 2.35 percent YoY to USD27 billion in August 2014 while Imports growth also slowed to 2.08 percent YoY to USD37.8 billion, leading to a narrower Trade Deficit of USD10.8 billion.

India's Foreign Exchange Reserves fell by USD1.327 billion to $317.313 billion in the week to September 5, 2014.

India's cumulative rainfall during 2014 monsoon was 12 percent below LPA upto September 18 from June 01, 2014.

Source : Equity Bulls

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