Reserve Bank of India has put hold on the proposed increase in ceiling on overseas borrowings by banks. RBI was established on 1st April 1935. In progressed chart of RBI for 2007, Cancer Ascendant is rising. Ganesha notes that Saturn is transiting through Cancer in the progressed Ascendant and progressed Moon is posited in Virgo. This indicates that RBI may wish to establish some restrictions over its strategies. Moon and Mars conjunction in the progressed chart is indicating satisfactory financial inflow. Mercury is placed in Gemini in the 12th house of progressed chart and is retrograde, making trine with Natal Moon of RBI's establishment horoscope. This indicates that though this step is intelligently taken, it might affect Indian business concerning foreign countries or investments heavily. With Jupiter's entry in Sagittarius in last quarter of 2007, there may be a change in decision and after RBI's next birthday in April 2008, it may come up with new financial strategy. In short, the decision taken by RBI at present could be short-lived, says Ganesha.

Ganesha's Grace
Bhavesh N. Pattni & Dharmesh Joshi

• Indian Airlines adds DVD channel to in-flight entertainment system on new deliveries
• Globalstar announces May 21st Satellite Launch Date for its first generation satellite
• FIPB defers decision on Hutch-Essar
• Aditya Auto plans joint venture with US based Dura Automotive
• RBI tightens capital flows by banks
• Jet Airways introducing JetLite
• Black Berry vs Nokia
• Glaxo antibacterial treatment gets FDA approval
• Gold slash down
• TCS Q4 net jumps 44% on strong demand
• Tidal Force and Universe
• Gitanjali Gems floats arm in Dubai
• Ashok Leyland expects 24 percent growth this fiscal
• Mittal highest bidder for stake in Sesa Goa
• Alternate fuel, a new platform. Bajaj takes fight to Hero
• Jet-Sahara row: Arbitration panel begins hearing today
• Baisakhi- a festival of harvest
• Pride Group enters Chennai
• Punjab National Bank's efforts to make the country Tech Savy
• Kotak Mahindra's Financial growth
• Bharti retail's plan to invest 2.5 billion dollars
• Future of Sesa Goa Limited

November, 2009	October, 2009	September, 2009	August, 2009
August, 2008	July, 2009	November, 2008	June, 2009
May, 2009	March, 2009

The views and predictions in this article are of the author only. The site and its owners do not undertake any responsibility for the correctness or accuracy of the same. Standard terms and conditions apply.

Add to digg.com	Add to del.icio.us	Add to stumbleupon.com	Add to My Yahoo
Add to reditt.com	Add to newsvine.com	Add to fark.com