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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
Tuesday, Apr 15
n/a GDT Price Index 1 1.1%
21:00 52-Week Bill Auction 1 3.820% 3.945%
Wednesday, Apr 16
02:00 API Weekly Crude Oil Stock 1 2.400M -1.680M -1.057M
04:40 Fed's Cook speech 2
06:30 Westpac Leading Index (MoM) 1 -0.11% 0.06%
11:30 Retail Price Index (MoM) 2 0.0% 0.6%
11:30 Retail Price Index (YoY) 2 3.2% 3.4%
11:30 Consumer Price Index (YoY) 3 2.7% 2.8%
11:30 Consumer Price Index (MoM) 3 0.4% 0.4%
11:30 Core Consumer Price Index (YoY) 3 3.4% 3.5%
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