Deb Market Weekly Report – RR Investors

Key Headlines:-

  •  The Index of Industrial Production (IIP) increased to 2.30% in April 2013 as compared to (-) 1.30% in April 2012. The cumulative growth for the period April-March 2012-13 over the previous year stands at 1.10%.
  • The annual rate of inflation, based on monthly WPI, stood at 4.70% (provisional) for May 2013 as compared to 4.89% (provisional) for April 2013 and 7.55%in May 2012.
  • Provisional annual inflation rate based on all India general CPI (Combined) for May 2013 on point to point basis was 9.31% as compared to 9.39% for April 2013. The corresponding provisional inflation rates for rural and urban areas were 8.98%and 9.65% respectively (9.16% and 9.73%).
  • The U.S.‟s AA+ credit rating outlook was increased to stable from negative by S&P, based on receding fiscal risks.

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