• The Central Bank of India raises interest rate while inflation soaring up.

Central Bank of India, called Reserve Bank of India might raise interest rate for the 2nd time in a month for the fastest rate of Inflation. The RBI will probably inccrease the reverse repuchase rate to 3.75% from 3.5%
and reparchase rate to 5.25% from 5%. according to the median forecast of 25 economists. Inadequate and
dialapidated roads and ports and insufficient capacity in power drive up prices. It increases the cost of trans-
port of raw materials for industrial production. Domestic demand pressure along with a rise in global comm-
odity price account for a spurt in inflation. The nation's wholesale price inflation rate held at a 1.7%, a month
high of 9.9% in March.
The RBI may raise the proportion of deposites that lenders needs to set aside as reserve ratio might go up
to 6% from 5.75%. India's $1.2 trillion economy may grow at 7.5% in 2010. the fastest pace after China
 among the major economies.

•  India's rupee likely to strengthen- India Rupee likely to strengthen 3.2% in 3months as government

sales of stakes in state companies and relativelyhigh bond yields attract funds from abroad. The Deutsche
bank predicts the currency, has raisen 3.8% so far this year will climb to 43.2 per dollar. The Cenral Bank
may favour gains to make imports cheaper. The rupee slipped 0.6% from the end of last week to trade
at 44.58% per dollar in Mumbai, according to data compiled by bloomsberg. It reached  44.165 in   Apr-15
Asia's 3rd largest economy plans to raise $8.9billion selling shares in state owned companies in the fiscal
year through March2011.
India's benchmark  10year bond yields 8.07%compared with 3.75 for similar maturity US debt and
1.34% for those in Japan. Overseas investors holding of Indian bonds have more than doubled in the
past years to a record $12.2billion according to securities and exchange boards of India. Net purchase
this year already total 4.8dollar billion, more than the combined inflow of 2008 and 2009.

Inflation data pushes pound higher

• sterling advanced on Tuesday stronger than expected. Inflation data raised the speculation that Bank of England would raise interest rate sooner.
• UK consumer  price inflation  rose to 3.4% in March  from 3% in February.
• Japan's Nikkie average dipped 0.1% on Tuesday after its biggest percentage fall in two months.

The Nikkie spent much of the day in positive territory, initially getting some respite after Monday's
1.7% slide.But the rise came in low trading volume, a sign that bounce lacked momentum.

Gold price stable against the strong dollar

Gold price stable while strong dollar offsets investors demand for hard assets-
Gold steadied in Europe before 2 days as the rising dollar offset buying linked to fear driven diversification
into  hard assets like bullion.
Dealers reported good amount of gold buying from major market like India in recent session which also
supported price for other precious metals like palladium hitting a 2 year high and platinum its strongest price
in 20 months.
spot gold was bid at $1,133.85 an ounce against $1,133.2 late in NewYork on Tuesday. US gold futures
for June delivery on the convex division of New York Mercantile exchange eased $1.10 to 1,135.00 an
ounce.

Oil falls for the second day against the dollar-
Us crude stock pile reach the highest level for nearly 10 months as imports surge. Oil declined for the 2nd day on April 9 towards $85 , a barrel  pressured by strong dollar and rise in US crude stock piles to their
highest in 10 months. Greece financial crisis concerns affected market from commodities to equities over 2 days, boosting the value of dollar against the euro and major currencies. as investors seek safer assets. US
crude fell 47cents to $85.41 a barrel while brunt crude also fell 52 cents to $85.12. Oil in New York  had
rallied to an 18months in Friday peak about $87 on Tuesday after a flurry of positive US economic indicators. The market had a strong pull over a few days owing to dollar went up. The US dollar climbed
more than 0.5% against a basket of currencies.A strong dollar markets dollar denominated curriencies such
as oil more expensive for holders of other currencies. US crude stocks rose last week to their highest level
nearly 10months as import surged.

Grey Market begins sale of ipads in China

The Grey market started selling imported ipads at the start of this week.

The mainland china and Hong Kong have vibrant grey market where by consumer can buy parallel imports-shipments of legitimate goods not intended for that market-of most foreign goods products.When iphone parallel import started in

HongKong - in 2007 it was more than doubled than the then US retail price ($US 1300). But due to weaker demand and parallel import ipad is expected to be available in HongKong at lower price.One of the most popular grey market in Hong Kong selling 16 GB ipad -the cheapest model for about HK$5,900 (US$760) a premium of just over a half the US price of $500.The 32GB model sells about HK $7000 and the largest 64GB model cost about HK$12000, both selling roughly a $300 premium over US retail price. One major drawback for the HKG consumer is that ipad users can only input simplified Chinese characters instead of the complex versions of Chinese characters used in Hong
Kong and Taiwan.

Misys benefits from US health care reforms

The passage of the US health care reform bill combined with Obama administration's $19bn stimulus package is boosting revenue at Misys which is gearing up to sell software for electronic patient records to US doctors surgeries.The health care business industry is the best industry right now. Misys, owns 57% of Allsripts, the US healthcare software company is expected to be a big beneficiary of stimulus package of which earmarked for helping doctors to modernise their patient recording systems. The growth of health care business us helping to offset declines in Misys's banking division which has been struggling to upgrade its software and win customers.
Revenue at Allscripts healthcare business was up 16% in 3rd quarter to  the end of February, helping lift overall turnover at the company 7% on a constant basis to 192m pounds.

European central Bank holds interest rate at 1%

Eurozone official interest rates have been left unchanged as the
ECB prepares its response to the crisis over Greece's public finance.
The ECB said it would stay at 1% for 11th consecutive month.