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Thursday, March 11, 2010

RBI says FY11 borrowing not seen as huge challenge

India's record government borrowing for the fiscal year starting April 1 is unlikely to be a huge challenge, Reserve Bank of India (RBI) Deputy Governor Subir Gokarn said on Thursday.

India is budgeted to borrow a gross 4.57 trillion rupees ($100 billion) in 2010/11, up from 4.51 trillion rupees in the current fiscal year.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
11:30 Claimant Count Change 3 33.1K 9.5K -21.2K Revised from 5.2K
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.2% 5.4% 5.5% Revised from 5.6%
11:30 ILO Unemployment Rate (3M) 3 4.6% 4.6% 4.5%
11:30 Employment Change (3M) 3 89K 112K
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.3% 5.5% 5.6% Revised from 5.5%
15:30 NFIB Business Optimism Index 1 95.9 95.8
18:25 Redbook Index (YoY) 1 4.9%
21:00 52-Week Bill Auction 1 3.93%
22:30 3-Year Note Auction 1 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 0.7M -3.3M
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