MARKET EYE WEEKAHEAD - Cash crunch, share sale key for India debt/fx

Sat Feb 2, 2013 1:57pm IST

Related Topics

Stocks

   

REUTERS - India's debt markets will likely focus on the cash situation with the government clamping down on spending. Repo bids are hovering over 1 trillion rupees and dealers will look at the possibility of any open market operations.

The cut in cash reserve ratio (CRR) will become effective only on February 9, injecting 180 billion rupees of liquidity in the system.

The rupee is expected to hold in a 52.50 to 53.70 broad range to the dollar next week.

Dollar inflows towards the stake sale in NTPC Ltd (NTPC.NS) is expected to keep the rupee in a bullish mode. Traders will be watching the non-farm payrolls data due to be published post market hours on Friday for opening cues on Monday.

(subhadip.sircar@thomsonreuters.com/; swati.bhat.thomsonreuters.com@reuters.net)

FILED UNDER:

Diplomacy

Reuters Showcase

Insurance Bill

Insurance Bill

Opposition support bolsters prospects for insurance reforms  Full Article 

SBI Share Sale

SBI Share Sale

SBI's up to $2.4 billion share sale likely by end April - sources   Full Article 

Eicher Share Sale

Eicher Share Sale

Truck maker Volvo sells shares in Eicher Motors  Full Article 

Beef Ban

Beef Ban

After beef ban, Hindu groups force abattoirs to close   Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

Services Growth

Services Growth

Services growth at eight-month high in Feb - HSBC PMI  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Capex Slashed

Capex Slashed

Cairn India slashes 2015-16 capex on falling crude   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage