Oh no!!! ....another 'crash' tomorrow
Just read this article...
RBI to raise CRR by 0.5%
http://economictimes.indiatimes.com/RBI_hikes_cash_reserve_ratio_by_05/articleshow/1606134.cms
and the obvious consequence of this is a 'deadly crash' tomorrow. So there is no respite from the crashing markets, which has alreaady lost 400+ points in 2 days!
Especially banks are gonna take the brunt tommorrow...bhagwaan bachaye unko kal :(
-ve signals: Rising inflation, rising interest rates, falling markets.
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