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Tuesday, November 8, 2011

Stock_for_YOU news-sbi outlook to -ve-govt inability to raise diesel price-rupee weakening

Moody's changes India banking system outlook to negative. SBI's result
is due today. Sept. IIP data is due on November 11th.The govt's
inability to raise diesel prices quickly will keep investors worried
about the widening fiscal deficit - said an analyst.The Rupee weakened
to its lowest in 2 weeks in early trade . At 9:25 a.m., the partially
convertible rupee was at 49.6725/6750 per dollar, after falling to
49.7500, a level last seen on Oct. 25.
Zohar Batterywala
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