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Quiet trading seen in holiday-shortened week; liquidity eyed

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Reuters
Last Updated : Mar 27 2015 | 6:42 PM IST

REUTERS - Indian shares are seen range-bound, with focus on oil prices due to rising tensions in the Middle East.

The end of fiscal year could spark some volatility.

Bonds and rupee are also seen range-bound.

The focus is primarily on liquidity conditions, given banks and debt/FX markets are closed from Wednesday through Friday.

Investors are also eyeing RBI's upcoming policy review on April 7.

The Nifty is likely to trade between 8,250 and 8,650, say traders.

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The partially convertible rupee is seen in a 62.00 to 62.80 range during the week with RBI moves watched.

The benchmark 10-year bond yield is seen in a 7.70 to 7.82 percent range.

KEY FACTORS/EVENTS TO WATCH

Tues: India Feb. fiscal deficit

Wedns: Debt/FX markets closed

Thurs: Prime Minister Narendra Modi to attend RBI financial

inclusion event

India manufacturing PMI

Stock/debt/FX markets closed

Fri: India FX reserves data

Stock/debt/FX markets closed

(Reporting by Indulal PM)

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First Published: Mar 27 2015 | 6:20 PM IST

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