How soon will the RBI cut rates? Analysts predict it will be a fast, potentially deep cut. Inflation is at 4.2%, below the government's target rate of 5%. While an RBI cut is not without tradeoffs - some may see it as the bank shifting focus away from inflation - it would signal a growth commitment to the economy after the shock of demonetization, which has so far led to a sharp drop in auto sales and a shrinking of the services sector.  UPDATED: Markets disappointed - the central bank decided to keep rates unchanged. This was possibly on concerns for rupee stability, and opens up the possibility of a deeper rate cut in February. 

Why are so many ATMs still empty? The reason apparently is that while the machines have been recalibrated to accept new notes, only 35% are operational because banks are instead supplying cash to their bank branches for their customers. The withdrawal limit at counters is higher, and the demand from own-customers has banks prioritising counter withdrawals. So need cash? Go to a branch where you have your account, not an ATM. 

Stock in spotlight: NMDC, which is up more than 66% from its 52-week low and has a moderately bullish Technical Score. 

Photo of the day: On a cold winter morning, men exercise among trees in Srinagar. Danish Ismail/Reuters