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Thursday, December 17, 2009

Govt to consider imports to boost food supply - Mukherjee

The finance minister said on Thursday that rising food prices was an area of concern and would consider imports to augment food supply.

"Food prices are going up, this is an area of concern. We have to take some appropriate measures... but best could be done by augmenting supply through imports," Pranab Mukherjee told reporters.

India's food prices rose 19.95 percent in first week of December from a year earlier, its fastest in 2009, and adding pressure on the central bank to tighten monetary policy.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
15:00 FPC Statement 1
16:30 MBA Mortgage Applications 1 20.0% -1.6%
18:30 Fed's Kashkari speech 2
19:30 Wholesale Inventories 1 0.3% 0.3% 0.3%
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
22:00 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.31%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
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