25 Apr 2012

S&P turns negative on India

S&P Rating Agency turned Negative on India, they have recently downgraded India's rating to BBB- citing a slowdown in investment and economic growth which has widened the current account deficit.
They have warned that the country stands one third chances of downgrade if external position worsen.

S&R Levels for 25.04.2012


Commodity S1 S2 S3 R1 R2 R3
GOLD JUNE 28600 28450 28300 28950 29050 29200
SILVER MAY 55200 54800 54200 56200 56900 57400
CRUDE MAY 5420 5350 5250 5505 5560 5590
COPPER 422 418 414 429 433 437.5
NICKEL 915 907 895 940 964 977
LEAD 108.5 107 105.5 111 112.2 113.7
ZINC 103 102 100.9 105.8 107.1 108.4
ALUMINIUM 105.4 104.7 103.5 108.5 109.9 111