RBI cuts CRR by 50 bps, leaves policy rates unchanged, Food price index down 0.42% YoY on Jan 7, Indian economy expected to grow by 7%: PM, India's trade deficit in November was at $13.6 billion, HSBC Markit India Manufacturing PMI jumped to 54.2 from 51.0 in November, Oct industrial output falls to -5.1%, RBI may slash CRR by 25 basis points soon, feel experts, Q2 GDP at 6.9%, slowest in 9 quarters, November manufacturing PMI falls to 51 from 52 in Oct - HSBC Markit, Rupee recovers more than 1.5 pct from day's low to 51.76/dlr after suspected RBI intervention, Foreign Banks Double Dollar Deposits at Fed, Japanese Exports Decline as China Sees Prolonged Global Slowdown., Rajoy Party Wins Spanish Elections After Debt Crisis Overwhelms Socialists, Exports up 10.8% in Oct; trade gap at 'worrying' level, Food inflation at 11.81% YoY on Oct 29 2011, EU Summit has agreed to recapitalise weak banks and increase the bail out fund, Credit Policy: RBI hikes repo rate by 25 bps to 8.50%, Food inflation of India at 11.43% YoY on Oct 15, Sept inflation seen easing to 9.70%, August IIP at 4.1% against 3.3% previous month, Fed’s ‘Twist’ Plan Fails to Reassure Investors around the world, Fed Will Shift Treasury Holdings to Longer-Term Securities Fed to Shift Treasury Holdings to Longer-Term Securities in Stimulus Step, IMF trims growth forecasts for India, China, Italy Debt Rating Lowered by S&P on Weaker Growth, Credit Policy: RBI hikes repo rate by 25 bps to 8.25%.CRR remains unchanged at 6%., Moody's downgrade long term ratings of SocGen and Credit Agricole (two major bank of Europe), August inflation was at 9.78 pct against July 9.22 pct, ECB kept interest rate unchanged at 1.5%; Trichet expresses concerns about the economy, BOE keeps interest rate unchanged at 0.5%; no changes to its asset-purchasing program, Fed to Weigh Stimulus This Month: Bernanke, Dollar, Yen Drop as Obama’s Job Creation Proposals Curbs Demand for Safety, Bernanke: Inflation 'Expected To Moderate In Next Q's, Bernanke Says Debt-Limit Agreement Only A First Step, Bernanke: U.S. Benefits From Dollar As Primary Reserve Currency. Dollar Should Remain Currency 'Of Choice', Bernanke Says Current Situation In Many Ways 'Extraordinary, USD: OBAMA Proposes USD 447 Billion Package To Encourage Job Growth, Job Growth Stagnates in U.S. in August as Unemployment Rate Holds at 9.1%, Australia June Building Approvals -3.5% M/M Vs Expected +3%, AUD:RBA KEEPS INTREST RATE UNCHANGED AT 4.75%, EUR:ZEW Economic Sentiment have came weak at -7.0, EUR:German ZEW Economic Sentiment have came weak at -15.1, Bank Of England Holds Asset Purchase Plan At 200b Pounds, EUR:Final GDP q/q came in line with expectations at 0.8%, GBP:Halifax HPI m/m has came better than expected at 1.2%, GBP:Manufacturing PMI was Fail meet the expectations came at 51.3, Chinese Manufacturing PMI for June fell to the lowest level since early 2009.