Fund Manager View
Debt Consolidating domestic growth, high inflation coupled with domestic fuel price hike leading to growing inflationary expectations and hawkish RBI stance were the key highlights of the month. Globally, correction in commodity prices, rise in concern about peripheral European countries debt repayment and expectations of global growth moderation were the other highlights of the month.
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Gold Gold prices continue to find support from concerns over sovereign debt crisis, slowing economic growth, rising inflation, central banks buying activity and strong investment demand. Euro along with the global growth momentum seems to suffocate in debt clutches. Though it may seem that no new developments have taken place over last few weeks, the problem has become much more sever and risk aversion has increased.
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