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.
India to receive normal rains, not surplus, as La Nina chances fade
MUMBAI/NEW DELHI India will receive normal rainfall over the 2016 monsoon season, not surplus as previously expected, with the chances of a La Nina weather pattern emerging over the period seen as unlikely, three senior officials at state-run weather department said.
Piramal to partner Bain Capital for distressed-debt investment
MUMBAI Piramal Enterprises Ltd said it would partner Bain Capital to invest in distressed assets, becoming the latest entrant in the space as the nation's banks are on a drive to clean up $120 billion of sour debt.
China takes aggressive steps to fend off banking, financial risks
BEIJING/SHANGHAI China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets.