19.11.2008 - Commodity prices dip to ease pressure on Indian cos

From Livemint.com: The decline in global commodity prices will ease pressure on Indian companies and the government’s balance of payments, Ashok Chawla, economic affairs secretary, said. The decline in commodity prices will give Indian companies “greater flexibility and leeway”, Chawla said. “It is also giving the government positive flexibility and variants in terms of the balance of payments position.”.... Full Article: Source

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