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Wednesday, April 28, 2010

Pranab: inflation is most worrisome feature

Inflation is the most worrisome feature in the Indian economy, Finance Minister Pranab Mukherjee told parliament on Wednesday.

Annual wholesale price inflation in March touched a 17-month-high of 9.90 percent, prompting the central bank to raise rates in April, its second such move in as many months.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 05
23:00 Fed's Harker speech 2
23:00 Fed's Schmid speech 2
Friday, Jun 06
11:30 Halifax House Prices (YoY/3m) 1 2.5% 3.2%
11:30 Halifax House Prices (MoM) 1 -0.4% 0.4% 0.3%
12:30 Foreign Currency Reserves 1 704B 703B
18:00 Average Hourly Earnings (YoY) 3 3.7% 3.8%
18:00 Nonfarm Payrolls 3 130K 177K
18:00 Average Weekly Hours 1 34.3 34.3
18:00 U6 Underemployment Rate 2 7.8%
18:00 Unemployment Rate 2 4.2% 4.2%
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