Macro-economic data and RBI intervention in the domestic liquidity market will drive debt and currency markets this week, India Ratings and Research (Ind-Ra) said today.
Mixed signals from major global economies and swings in crude oil prices are likely to keep the rupee in a range, it added.
The benchmark 10-year G-sec yield is expected to stay in the range of 7.40-7.50 per cent (7.44 per cent at previous week's close) while the rupee could remain in the 66.10-66.90/USD (66.56/USD at previous week's close), the rating agency said in a statement.
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The government will release CPI inflation and IIP data this week.
The rating agency predicted that the medium-term outlook of rupee will hinge on global developments, while earnings and flows position is likely to dictate the near-term range.
