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Monday, Sep 17, 2007
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What’s Ahead

Investors can watch out for September 18 when the US Federal Reserve meets to decide on a rate cut which just might have a bearing on the outlook of the Reserve Bank of India. The RBI has raised lending rates five times in 2006-07 in a bid to tame spiralling inflation rates that have so far remained below its tolerance limits. If the US Federal Reserve actually goes ahead with a rate cut, as is widely speculated, the Bank of Japan meeting on the following day can then be an important even for Asian indices.

The board of newly listed realty company Purvankara Projects will meet on September 17 to consider June quarter results.

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