Reuters Market Eye - The rupee still higher at 54.35/36 levels versus last close at 54.47/48. Volumes remain thin as traders on holiday, leading to volatility on small moves.
Bharti Infratel IPO, which opens for retail investors on Tuesday, will be watched for inflows. Dealer expects 'substantial" flows on account of the share sale.
Bharti Infratel Ltd, the telecommunications tower unit of top Indian phone carrier Bharti Airtel Ltd (BRTI.NS), is set to raise up to $825 million in what would be the country's biggest initial share offering in two years.
Parliament will be watched with the Banking Act amendment bill, a key financial bill, likely to come up for passage.
USD/INR has multiple resistances between 54.89 and 54.94, which is an area marked by previous support and resistances and 14-day average.
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Next year, Dr. Ketan Desai is slated to head the World Medical Association (WMA), guardian of the Hippocratic Oath. The WMA is standing by him, even as he battles conspiracy allegations in two Indian courts. Desai has been facing allegations that he conspired in 2009 to have the Medical Council recommend that a private medical college be allowed to add more students. Full article