* India will release current account data for July-September on Monday amid expectations it will show a record high deficit, sending the balance of payments into negative territory. * Global risk factors will also be key for Indian debt and FX markets as U.S. lawmakers continue negotiations over the "fiscal cliff": failure to clinch a deal may send the dollar sharply higher. * However, hopes for interest rate cuts in January will gather steam in the new year. * RBI will also issue its T-bills issuance calendar for the Jan-March quarter, which will be watched closely to see whether RBI funds its extra borrowing with shorter-term paper. * Indian markets will remain open on Jan. 1. KEY FACTORS/EVENTS TO WATCH: Monday: July-Sept current account deficit, BOP Nov. infrastructure data, fiscal deficit Wednesday: Dec. manufacturing PMI Friday: Dec. services PMI, Weekly forex reserves, bank loans
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Greece's combative finance minister resigned on Monday, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Full Article | Greece a flashpoint for Europe?