MARKET-WEEKAHEAD-RUPEE:MARKET EYE WEEKAHEAD - Cash crunch, share sale key for India debt/fx
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
The regulator gives its green signal to Diageo's Rs 5,441-crore open offer for 26% non-promoter United Spirits