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Friday, March 19, 2010

Govt to inject capital into banks by May - official

The government will pump 90 billion rupees ($2 billion) into state-run banks under the first phase of capital injection, a finance ministry official said on Friday.

"We will put in the money sometime in April or May," R. Copeland, secretary, financial services, in the finance ministry, told reporters.

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GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
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04:15 Manufacturing Sales 1 1.1%
19:30 Wholesale Inventories 1 0% 0%
21:00 3-Month Bill Auction 1 4.25%
21:00 6-Month Bill Auction 1 4.15%
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