The Index for Industrial Production (IIP) to be announced today is not expected to be subdued. According to a CNBC-TV18 poll, industrial output is likely to be at 2.7% (YoY).
State-run oil firms are unlikely to raise fuel prices before key state elections starting in April, a government source said on Wednesday, as the ruling coalition tries to tackle voter anger over high inflation.
Prime Minister Manmohan Singh's embattled government will likely boost spending on social programmes in a populist budget on Monday, even as India is threatened with a potentially ballooning subsidy bill for food and fuel.
China will raise fuel prices by 4-4.5% from Sunday to fresh highs, the government announced, the first increase since December, to dampen demand and cushion refiners from high crude prices.
Asia's rapid economic growth will moderate slightly in 2011 even as policymakers combat rising prices with higher interest rates and try to keep local currencies from appreciating too sharply, a Reuters quarterly poll showed.
The BSE Sensex was barely changed on Thursday in the absence of no clear direction from Asian markets and as traders awaited weekly food and fuel inflation data due around 0600 GMT.
Oil slipped from the highest price levels in more than two years on Tuesday on expectations that fuel demand will ease after the approaching peak of the Northern Hemisphere heating season, slowing the drain of US stockpiles.