What's Happening, and Where, on Apr 10

INDIA VOTES

* Third phase of Lok Sabha elections to cover 91 seats across 10 states and four union territories. Voting for 70 Assembly seats in Odisha and by-election in Maharashtra will also be held.

RBI WATCH

 * RBI Deputy Governor Urjit Patel to attend G20 finance and central bank deputies' meeting. 2100 IST, Washington DC.

* RBI Governor Rajan to attend panel discussion on normalisation in US monetary

  policy and its implications for emerging markets at International Monetary Fund high-level conference on emerging markets. 2200 IST, Washington DC.

* RBI Governor Rajan to speak on 'Global Monetary Policy: A View from Emerging

  Markets' followed by questions and answers (Brookings Institution).

* RBI Governor Rajan to attend G20 finance ministers and central bank governors' meeting in Washington DC.

DATA ALERT

US IMPORT & EXPORT PRICE INDEXES for Mar. 1800 IST

US WEEKLY EXPORT SALES. 1800 IST

US UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT. 1800 IST

US BLOOMBERG CONSUMER COMFORT INDEX. 1915 IST

DJ-BTMU US BUSINESS BAROMETER. 1930 IST

US EIA WEEKLY NATURAL GAS STORAGE REPORT. 2000 IST

US ICSC CHAIN STORE SALES TRENDS for Mar. 2130 IST

CONFERENCES

* INVESTMENT OUTLOOK: Indian Merchants' Chamber seminar on Investment Outlook 2014. 0900-1800 IST, Mumbai.

RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo

(at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and reverse repo between 1900 IST and 1930 IST.

MARKETS

Call: Seen opening around 8.50% on likely demand from banks early in session to meet mandatory reserve requirements. 1-day call: 8.50% vs 8.15% Wed.

Bonds  : Seen lower Thu. Dealers may stay on sidelines ahead of underwriting auction results. 10-year bond yield: 9.03-9.15% vs 9.03% Wed.

Rupee: To take global cues at open. US FOMC meet minutes. Likely importers' dlr buys to weigh. Range: 59.80-60.30/$1 Wed vs 60.13/$1 Wed.

Stocks: Indices may rise further and scale record highs Nifty range 6750-6840; Wednesday-end 6796.20, up 101.15 points.

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