In recent report by Moody’s, the rating agency has upgraded Indian bonds to investment category from speculative. This is very important for Indian economy that is witnessing huge capital outflow and weak rupee. This will bring in money in bond sector from other countries mainly from the US where recently the money was going back from Indian and other countries in response to the European Union troubles for a safety purpose. With this upgrade, Indian economy may witness some positive capital inflow in the country. The stock market to responded positively yesterday to this report.
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Kyle Flannagan Sageturema
January 20, 2012 at 9:59 am
Massive disinvestment and outflow of capital took place, amidst rupee devaluation, effecting the business environment.
Rajeev Upadhyay
February 4, 2012 at 4:37 pm
Yeah I agree that huge amount of money is going outside Indian monetary system