We expect 25 bps hike in repo rate and reverse repo rate and at the same time decrease in MSF in the Credit Policy on 29th October. RBI needs to contain inflation and at the same time keep short term liquidity in the system by decreasing the MSF.

This could also be seen as RBI making the house good before Fed starts tapering the Quantitative Easing.

Events to Watch This Week:

1. US: IIP Data (28 Oct)   
2. India: Credit Policy (29 Oct)
3. US: ADP Report (30 Oct)
4. India: Fiscal Deficit Data (31 Oct)
5. India : HSBC PMI Data (1 Nov)

Results This Week:

NIFTY- 6,145   

CRUDE OIL-Rs 6,045/barrel

GOLD-Rs 30,734 /10 gram

Rs/$-Rs 61.46

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