India's Fis inched higher to instability and pressure ont he rupee, the December data showing up reduced oil buying for a $12.5 bln deficit. Exports ares trong at $25 bln after double counting revisionsdropped the April to November data by $10 bln downwards. The exports were expected to give India a tough time according to downbeat market commentators. The Fiscal Deficit this year will be a run of 1-1.2% on the budgeted 4.6% while the current dficit based on the 3.2% trade deficit of $144 bln - $160 bln, higher than 2.4%

India's 2011 Economic Survey comes a day before the budget, which is now slated for March 12

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