December 28, 2012 / 10:18 AM / 5 years ago

MARKET EYE WEEKAHEAD-Current account data key for India debt/FX

* 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.
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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