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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
Wednesday, Jun 25
04:15 Trade Balance NZD (YoY) 2 $-3.79B $-4.97B Revised from $-4.81B
04:15 Exports 2 $7.68B $7.84B
04:15 Imports 2 $6.44B $6.41B Revised from $6.42B
04:15 Trade Balance NZD (MoM) 1 $1,235M $1,060M $1,285M Revised from $1,426M
05:45 Fed's Schmid speech 2
07:00 Monthly Consumer Price Index (YoY) 3 2.3% 2.4%
13:30 ZEW Survey – Expectations 2 -22
14:15 BoE's Lombardelli speech 2
14:30 BoE's Pill speech 2
16:30 MBA Mortgage Applications 1 -2.6%
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