Russian Minister Sees Inflation at 10% by 2015-end 0

rouble_625x300_71418806010Moscow( Russian Economy Minister Alexei Ulyukayev sees inflation at 10 per cent by the end of next year, he told Rossiya 24 television on Friday, as the rouble crisis persists.

Russia has been forced to support banks and hike interest rates in recent weeks to try to arrest the currency’s slide and avoid spiraling inflation after years of stability, a situation that could threaten President Vladimir Putin’s popularity.

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Markets Seen Trading Sideways in Holiday-Shortened Week 0

sensex-625_625x300_81399962854 The markets are likely to trade sideways ahead of year-end holidays as investors expect no major action, both domestically as well as globally.

Corporate earnings and reforms are likely to be next big triggers for markets.

The Nifty is likely to trade between 8,050 and 8,450 in the week starting December 29.

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India will soon return to high economic growth, says Raghuram Rajan 0

rbi-gov-660_122714011437 The Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said that India will soon return to the high economic growth like in the past.

In an interview with the NDTV Profit, Rajan admitted that the year was gloomy because of the surge in gold imports and widening of current account deficit (CAD), still, he expressed his faith in nation going back to the path of growth very soon.

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Gold Climbs Towards 7-Week High as Dollar, Equities Slide 0


Singapore( Gold edged towards a seven-week high on Thursday as a sell-off in global equities and the dollar burnished the metal’s safe-haven appeal, though weaker oil prices capped gains.

The dollar index fell for a fourth session in a row on strength in the yen, while Asian stocks eased on global growth concerns.

Gold is seen as an alternative investment to riskier assets such as equities. Weakness in the greenback also makes dollar-denominated bullion more attractive.

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