Another important data point released on Wednesday is industrial production for January at 9:15 a.m.. Analysts polled by Reuters expect the key capacity utilization rate, which measures slack in a firm, to edge up slightly from December to 79.9 percent.
Singapore's efforts to contain a rapid increase in its household debt by tightening rules for unsecured credit late on Wednesday raised concerns of a rise in borrowing costs in the country.
In an interview to CNBC-TV18, Ramesh Iyer, Managing Director of M&M Financial Services speaks about the impact of Reserve Bank of India's (RBI) tightening measures on rupee which has also impacted the wholesale rates.
Governor of the Reserve Bank D Subbarao refused to give a duration on rolling back of measures to tighten the liquidity in the economy, which would in turn arrest the volatility in the rupee.
Talking to CNBC-TV18, Anand Tandon, CEO, JRG Securities says there has been too much focus on the financial markets and not on the real economy. The focus should be on the private sector and getting projects off the ground, rather than bothering about the when the central bank will cut rates.
China's factory expansion stabilised in April while inflationary pressures eased a tad as the government presses ahead with tightening steps to tame price rises, a survey showed on Tuesday.
China's central bank will re-assess its tightening policies in the wake of Japan's earthquake, but any pause will be temporary because inflation remains elevated, analysts said on Friday.
The window is open for China's central bank to raise bank reserve requirement ratios or use other tools as early as this week to mop up excess liquidity, which has seen money rates plunge from multi-year peak hit last month.