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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, Apr 09
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
02:20 Fed's Hammack speech 2
03:00 Fed's Kashkari speech 2
04:31 RICS Housing Price Balance 1 2% 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
18:00 Building Permits (MoM) 1 -0.8% -3.2%
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