Rural saving is also on the rise as evident in rising number and outstanding amounts of savings bank accounts, the study said The study noted that the receding of inflation pressures appear to be the most important metric in rural spending resurgence, driving a catch-up with urban consumption volumes.
Euro hits 17-month low as French debt fears, US inflation lift dollar
The euro reached a 17-month low against the dollar due to worries over France’s budget deficit. Concerns about a potential euro-zone debt crisis have heightened