Fortnightly round up of key banking and economic indicators

---

• While the growth in the non-food credit was at 18.7%, the deposits growth was at 21.3% for the week ended February 27, 2009.
• RBI on March 04, 2009 announced to reduce repo and reverse repo rate by 50bps each to 5.0% and 3.5% respectively with immediate effect.
• The CD ratio has been slipping over last few fortnights and was at 71.4% for the week ended February 27, 2009, lowest since February 2008. Incremental CD ratio stood at 3.6%, lowest since February 2008
• Driven by slower credit growth and falling CD, the SLR has been rising and stood at 31.4% for the week ended February 27, 2009.
• Inflation for the week ended February 28, 2009 stood at 2.43% as compared to 3.03% reported in the last week as the WPI continued to slide. The inflation was at its lowest in the last six years.
• As the liquidity remain comfortable, the call rates remain around lower end of the LAF corridor.
• Events to watch – FOMC meet, BOJ monetary policy meeting, India WPI, US current account balance.

www.emkayshare.com