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Friday, May 28, 2010

SAIL to borrow $1.3 bn in 2010/11

State-run Steel Authority of India Ltd expects to borrow 60 billion rupees ($1.3 billion) in the fiscal year to March 2011, to fund its capital expenditure, Chairman S K Roongta told reporters on Friday.

Earlier, SAIL, India's largest domestic producer of steel, reported March quarter profit of 20.85 billion rupees, meeting forecasts.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 20
18:00 Fed's Waller speech 2
18:00 New Housing Price Index (YoY) 1 -1.0% -0.6%
18:00 New Housing Price Index (MoM) 1 -0.2% -0.2% -0.4%
18:00 Raw Material Price Index 1 -0.4% -0.8% -3.3% Revised from -3.0%
18:00 Industrial Product Price (MoM) 1 -0.5% 0.0% -0.8%
n/a Fed Monetary Policy Report 2
22:30 Baker Hughes US Oil Rig Count 1 439
Sunday, Jun 22
22:45 Fed's Daly speech 2
Monday, Jun 23
04:30 S&P Global Services PMI 2 50.6
04:30 S&P Global Manufacturing PMI 2 51
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