Spot-Fixing Scandal
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MARKET EYE WEEKAHEAD-RBI policy, reforms key for Indian stocks
* Indian shares are seen on hold ahead of the RBI's rate review
on Tuesday.
* Most analysts expect the central bank to leave interest rates
on hold and say the RBI could instead cut the cash reserve
ratio.
* An unexpected jump in industrial output and
lower-than-expected inflation are reinforcing hopes the RBI
could start cutting interest rates in January.
* Further traction on reforms are also anticipated as the winter
session of parliament is due to end on Dec. 20.
* The government has already approved or passed a slew of fiscal
and economic reforms, but bills are pending on banking, pension
and insurance.
KEY FACTORS/EVENTS TO WATCH:
Sat: India's Prime Minister attends an industry event in New
Delhi.
Tue: RBI reviews monetary policy
Thurs: Indian Parliament's winter session ends, India hosts
ASEAN summit.
Fri: Weekly forex reserves, bank loan data.
(abhishek.vishnoi@thomsonreuters.com /
abhishek.vishnoi.reuters.com@reuters.net)
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