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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
Friday, Jun 20
18:00 Fed's Waller speech 2
18:00 New Housing Price Index (YoY) 1 -1.0% -0.6%
18:00 New Housing Price Index (MoM) 1 -0.2% -0.2% -0.4%
18:00 Raw Material Price Index 1 -0.4% -0.8% -3.3% Revised from -3.0%
18:00 Industrial Product Price (MoM) 1 -0.5% 0.0% -0.8%
n/a Fed Monetary Policy Report 2
22:30 Baker Hughes US Oil Rig Count 1 439
Sunday, Jun 22
22:45 Fed's Daly speech 2
Monday, Jun 23
04:30 S&P Global Services PMI 2 50.6
04:30 S&P Global Manufacturing PMI 2 51
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