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Friday, January 29, 2010

Finmin adviser:inflation won't go out of contro

India's rising inflation will not go out of control, the finance ministry's chief economic adviser Kaushik Basu said on Friday.

India's central bank left short-term interest rates unchanged on Friday, as expected, but surprised markets with a higher-than-forecast 75-basis point rise in banks' cash reserve requirements and warned of mounting inflation.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
15:30 NFIB Business Optimism Index 1 97.4 101.3 100.7
18:25 Redbook Index (YoY) 1 7.2% 4.8%
19:30 Ivey Purchasing Managers Index s.a 2 51.3 53.2 55.3
19:30 Ivey Purchasing Managers Index 2 55.6 53.6
21:30 BoE's Lombardelli speech 2
22:30 3-Year Note Auction 1 3.908%
23:30 Fed's Daly speech 2
Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 6.037M
07:30 RBNZ Interest Rate Decision 3 3.50% 3.75%
07:30 RBNZ Monetary Policy Statement 3
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