- The document discusses the Indian and global macroeconomic news and events from the past week. - In India, inflation slowed, Fitch revised the outlook on sovereign debt to stable, and industrial production growth was lower than expected. - Internationally, the ECB saw a drop in overnight bank deposits, Eurozone industrial output rose unexpectedly, US retail sales and jobless claims improved, and China's debt auction saw undersubscription for the first time in over 2 years.