Cash crunch, share sale key for India debt/fx
Feb 02 2013
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 is expected to keep the rupee in a bullish mode. Traders will be watching the non-farm payrolls data due to be published post market hours on Friday for opening cues on Monday.