STI NEWS;"S&P downgrade & market crash – RBI’s stance"plus 1 more

S&P downgrade & market crash – RBI’s stance

Posted: 10 Aug 2011 12:10 AM PDT

On 6th August, 2011, S&P downgraded US credit rating from AAA to AA+. The fundamentals of US credit were going down for quite some time and it was just a matter of time before US credit rating would have downgraded. The rating agency also slammed US lawmakers for not taking the right action to solve the country's mounting debt burden. The rating agency has also warned that it can downgrade...

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US credit downgrade & Fed meet – Impact on India?!

Posted: 09 Aug 2011 11:05 PM PDT

Signs of economic weakness, Standard & Poor's downgrading of the U.S.'s credit rating and spreading debt crisis in Europe had heightened worries and all eyes were on Fed as it met yesterday. The global stock markets which had witnessed a meltdown over the last 2 days were hoping for some miracle. In the announcement, the Federal Reserve said it will keep its monetary policy stimulus at least...

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