Week ahead in figures: Jio IPO, India's FX reserves and Q2 earnings

what happened

Jio Platforms opens its IPO subscription on Wednesday, seeking to raise 30,213 crore rupees, which would make it India's biggest public offering so far. The company is valued at roughly 10.3 trillion rupees. The offer is made up entirely of new shares, so the proceeds go straight onto the company's balance sheet, with about 27,500 crore earmarked for repaying loans and cutting interest costs.

India's foreign exchange reserves are under strain again as the central bank sells dollars to slow the rupee's slide. After a brief rebound, reserves dropped to $734.6 billion in the week ended October 2. The RBI will publish minutes of its October policy meeting on October 21. The committee raised the repo rate by 25 basis points to 5.5%, but the shift to a calibrated tightening stance passed by a 4-2 vote.

China releases its third-quarter GDP figures on Monday. Growth slowed to 4.3% in the second quarter, and analysts expect a modest recovery supported by stimulus. Source: TradingView, citing Mint.

why it matters

For markets, the week matters for two reasons: the possibility of further monetary tightening in India and a test of whether Chinese demand can support growth. The Jio listing and the trend in reserves will show how investors judge Indian assets while the rupee is under pressure.

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