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Wednesday, March 17, 2010

RBI should carefully normalise policy: Ahluwalia

The Reserve Bank of India should consider carefully returning to normal monetary policy, top policy adviser said on Wednesday.

Montek Singh Ahluwalia, deputy chairman of India's Planning Commission, also told that WPI inflation was expected to come down over the next two months.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
24h Whit Monday 0
04:15 Manufacturing Sales 1 2.4% 1.1%
19:30 Wholesale Inventories 1 0.2% 0.0% 0.0%
21:00 3-Month Bill Auction 1 4.25% 4.25%
21:00 6-Month Bill Auction 1 4.15% 4.15%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 2.2%
07:00 National Australia Bank's Business Conditions 1 2
07:00 National Australia Bank's Business Confidence 1 -1
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.4% 5.6%
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