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Friday, January 29, 2010

State Bank sees no upward pressure on rates

The chairman of State Bank of India, India's leading bank, said on Friday he did not see any upward pressure on lending rates in the next six months, after the central bank had raised banks' reserve requirements.

"We do not see any upward pressure in lending rates in the next six months. Our deposit rates may not go up, but it cannot come down also," O.P. Bhatt told reporters

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 12
18:00 Initial Jobless Claims 2 248K 240K 248K Revised from 247K
18:00 Producer Price Index (MoM) 2 0.1% 0.2% -0.5%
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.1% 0.3% -0.2% Revised from -0.4%
18:00 Producer Price Index ex Food & Energy (YoY) 3 3.0% 3.1% 3.2% Revised from 3.1%
18:00 Producer Price Index (YoY) 2 2.6% 2.6% 2.5% Revised from 2.4%
20:00 EIA Natural Gas Storage Change 1 108B 122B
21:00 4-Week Bill Auction 1 4.17%
21:30 USDA WASDE Report 1
22:30 30-Year Bond Auction 1 4.819%
Friday, Jun 13
04:00 Business NZ PMI 2 53.9
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