Macro Economic Overview of the Mid Term Review of Annual Policy, 2008
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Title: Macro Economic Overview of the Mid Term Review of Annual Policy, 2008

Essay Details:

Subject: Business
Author: Refugio C
Date: September 8, 2013
Level: University
Grade: B
Length: 4 / 1190

Essay text:

In the medium term the target is to decrease inflation to 5%, keeping in mind the global rate of around 3%. On the basis of Consumer Price Index: This has also shown a stark increase from 7.3% to 9% within a year. Money Supply Rate: The money supply rate has lowered to a value of 20.3% from 21.9% in the earlier year. Further moderation is expected to lower it to 17% according to the Annual Policy Statement of April, 2008. Foreign Exchange Reserves: The foreign exchange reserves was depleted by US$ 35.8 billion, and stood at US$ 273.9 billion. Foreign Exchange Rate: There was an 18.9% depreciation of rupee with respect to US Dollar, 0...

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