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

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

Reuters 

India's debt 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 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 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 Ltd is expected to keep the in a bullish mode. Traders will be watching the non-farm payrolls data due to be published post hours on Friday for opening cues on Monday.

First Published: Sat, February 02 2013. 13:57 IST
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