Inflation falls to 8.40 pct, at 7-month low

After a long wait the Inflation fell to its lowest in nearly seven months to 8.40 per cent, giving RBI enough room for deeper rate cuts to propel the economy. The rate, measured by wholesale prices, eased for the fourth straight week and was lower by 0.44 percentage points in the seven-day period ending November 22 from the previous week. Prime Minster Manmohan Singh would come up with more fiscal and monetary policy that would help in controlling the share market and growth of country. Now it seems that things will be more positive as our new finance minister Manmohan Singh has taken charge and his experience would help in overcoming the economic crisis.