Hi all,
I am starting this new blog to share my perspective on the financial world and discuss the intricacies of finance with everyone. Since i am myself a beginner , my blogs would concentrate on demystifying the most common financial scenarios which a newbie should be very clear about. I would also like to discuss my stand on the various financial scenarios in today's market.
So get ready to enter the exciting world of Finance.
About Me
- ImwatIm
- Hi..I am a software engineer working for a finance company.I love blogging,watching movies and playing cricket.My motto in life is to "Live today,enjoy today as if there is no tomorrow."
5 comments:
demystifying :)
oops..thanks for pointing out the mistake yaar..:)
hey shishir nice blog. You presented one aspect of interest rate change i.e borrowing part. Increase in interest rate also means that ur saving's ,FD's will yield you more return. So instead of spending you would like to save more. So if consumers start curbing their spendings then it will have direct impact on GDP growth of economy. So its a double edged sword. For example US economy is mostly consumer driven, so if people stop spending then economy will not grow that much. So to curb inflation you can not increase interest rate beyond a point......
Just to add to you blog. Rising inflation also impacts the strength of currency against other currencies. When inflation was under control in later part of 2007 USD/INR was quoting at 38. That means INR was strong against USD and thats the sign of healthy & booming economy. Now inflation has crossed 12% and u can see its impact on INR. Now USD/INR = 43. So as you can see INR has weakened against USD.
Good to see ur interest in finance. Let me know if i could be of any help.
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