Budget to provide clear picture

OUTLOOK/ MONEY MARKETS

 Repo-driven liquidity is again creeping up. Liquidity in the banking system, as seen from the seven-day repo outstandings with the Reserve Bank of India (RBI), has gone up from Rs 50,000 crore to Rs 65,000 crore last week.

 Foreign exchange inflows, meanwhile, are expected to get a boost from the forthcoming Budget on July 8. Market players are keenly awaiting the Budget as it will bring out a clear picture of the government