Markets Weekahead: Debt/FX markets await OMO next week

Reuters Market Eye - The Indian bond market will await an OMO announcement for next week as cash is expected to tighten further due to advance tax payments in mid-March.

Bonds, which have sold off after the higher-than-expected gross borrowing numbers for 2013/14, will await any comments from the government on the buyback schedule and papers to be bought.

Focus will now shift to the Reserve Bank of India (RBI) policy on March 19 and the factory, inflation data before that for cues.

USD/INR likely to trade in a 54-55.10 range next week, while the 10-year bond yield is likely to be in a 7.85-7.95 pct band.

A host of central banks including ECB, BOJ, BoE and RBA meet next week on policy.

KEY FACTORS/EVENTS TO WATCH

Tues: Feb Services PMI at 10.30 am

Wed: Money Supply data at 3.00 pm

Fri: Foreign exchange reserves data to be released at 5.00 pm

(Reporting by Subhadip Sircar)


Updated Date: Mar 02, 2013 10:00 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent