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Thursday, December 3, 2009

RBI may revise upwards FY10 growth forecast

The Reserve Bank of India (RBI) is likely to revise upwards the economic growth forecast for the current fiscal year to March when it reviews policy in January, a deputy governor said on Thursday.Usha Thorat also said money supply in the current year has been showing slower growth.The RBI at its last review in October forecast economic expansion of 6 percent with an upward bias.On Monday, government data showed the economy grew at its fastest pace in 18 months at 7.9 percent in the quarter through September
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.1% 0.3% 0.2%
18:00 Building Permits (MoM) 1 -6.6% 2.2% -5.3% Revised from -4.1%
20:00 EIA Crude Oil Stocks Change 1 -3.644M 0.100M -4.304M
22:30 10-Year Note Auction 1 4.421% 4.342%
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 0%
04:31 RICS Housing Price Balance 1 -3% -3%
06:30 Consumer Inflation Expectations 2 4.1%
11:30 Industrial Production (YoY) 1 -0.2% -0.7%
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