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Saturday, May 3, 2008

RBI's credit policy
RBI has announced its credit policy werein major imputes is given on combatting inflation. The steps taken include tax 10% on export of cold-rolled steel coils, cut import duty on skimmed milk powder, butter oil, cut duties on pig iron, other iron products, extend sunset clause on software tax breaks to March 2010, leaves repo rate unchenged and hikes CRR by 25 bps.

RBI says dangers of global recession ?have increased?
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 26
21:00 4-Week Bill Auction 1 4.00% 4.06%
22:30 7-Year Note Auction 1 4.022% 4.194%
22:45 Fed's Barr speech 2
Friday, Jun 27
03:30 ANZ – Roy Morgan Consumer Confidence 2 98.8 92.9
04:30 Fed's Kashkari speech 2
17:00 Fed's Williams speech 2
18:00 Personal Spending 2 0.1% 0.2%
18:00 Personal Consumption Expenditures - Price Index (MoM) 2 0.1% 0.1%
18:00 Core Personal Consumption Expenditures - Price Index (MoM) 3 0.1% 0.1%
18:00 Personal Income (MoM) 2 0.3% 0.8%
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