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Market Weekahead: Industrial output, inflation data to drive trade

Monday will be primarily marked by the reaction to the US jobs data

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Reuters
Last Updated : Jan 24 2013 | 2:11 AM IST

The rupee is expected to consolidate further and head towards 55.70-56.00 per dollar next week, while bond yields are expected to hold in a range ahead of the factory output and inflation data due later in the week.

Traders say Monday will be primarily marked by the reaction to the U.S. jobs data due out at 1230 GMT on Friday, with the performance of the euro key.

The government is scheduled to release May factory output and June headline inflation numbers on Thursday and July 16 respectively.

The data may have a more muted impact given widespread expectations the RBI will keep interest rates on hold on July 31, though it could influence expectations for future decisions.

The 10-year benchmark bond is expected to hold in a 8.15 to 8.25 percent band next week with the focus also on domestic debt supplies. Traders said they do not expect open market operations, due to the sharp easing in banking system liquidity.

(swati.bhat@thomsonreuters.com/madhura.karnik@thomsonreuters.co )

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First Published: Jul 06 2012 | 4:49 PM IST

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