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Market Weekahead - Focus turns to cash conditions in India

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Reuters
Last Updated : Feb 28 2014 | 6:45 PM IST

Reuters Market Eye - Cash conditions will be closely watched in the Indian debt/FX markets, with liquidity expected to tighten in the lead-up to mid-March, when excise and service taxes are followed by advance tax outflows.

Dealers will watch whether the central bank adds to liquidity via an OMO or term repo sale.

A more cautious tone is also expected at the start of the week after data late on Friday showed India's economy grew a slower-than-expected 4.7 percent in the October-December quarter from a year earlier.

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First Published: Feb 28 2014 | 6:39 PM IST

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