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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
Thursday, Jun 12
11:30 Index of Services (3M/3M) 1 0.6% 0.7% 0.7%
11:30 Manufacturing Production (YoY) 1 0.4% 0.4% -0.8%
11:30 Industrial Production (YoY) 1 -0.3% -0.2% -0.7%
11:30 Industrial Production (MoM) 2 -0.6% -0.5% -0.7%
11:30 Manufacturing Production (MoM) 2 -0.9% -0.8% -0.8%
n/a NIESR GDP Estimate (3M) 1 0.6%
18:00 Producer Price Index (MoM) 2 0.2% -0.5%
18:00 Producer Price Index ex Food & Energy (YoY) 3 3.1% 3.1%
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.3% -0.4%
18:00 Producer Price Index (YoY) 2 2.6% 2.4%
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