Gold Silver Reports (GSR) – Money Market Heads Up: Rupee Seen Weakening In Line With Asian Currencies – The rupee may start trading lower in line with other emerging Asian currencies, while bond traders will be focusing on a sale of Rs 15,000 crore of Treasury bills by the central government.
The government will auction Rs 7,000 crore of 91-day bills, and Rs 4,000 crore each of 182-day and 364-day notes. The market is hopeful that an OMO bond purchase announcement will come through in a few days, according to an Edelweiss Securities.
