India Economics

•  The growth in non food credit remains stable at 15.2% during the fortnight ended January 29, 2010. The growth in deposit mobilization also remained lower at 17.1%.
• The CD ratio remains stable at 70.4% during the week ending January 29, 2010. The incremental CD ratio also remains stable at 62.4% during the week ending January 29, 2010.
• The call rates continue to hover around the lower end of the LAF corridor. The spread between call money and reverse repo rates was 5bps as on February 11, 2010
• Short end of the yield curve move up by 25-27bps over last month in line with of tightening of monetary policy. The 10 year bond yields stood at a 7.87% as on February 11, 2010 while 1 year bond yield stood at 5.23%
• Events to watch – India foreign trade data & industrial production, US trade balance & unemployment rate, and Japan GDP