Fortnightly round up of key banking and economic indicators

n While the growth in the non-food credit was at 26.2%, the deposits growth remains lower at 21.4% for the week ended December 05, 2008.

n The incremental CD ratio was higher at 88% for the week ended 05 December 2008, however down from 97.7% in the last month.

n Inflation for the week ended December 06, 2008 falls significantly to 6.84% as compared to 8.0% reported in the last week.

n Call rates firmed during the week and was hovering around upper end of the LAF corridor as the advance tax outflow tightened liquidity.

n Events to watch –India Trade balance & WPI and US GDP.