- What's Happening, and Where, on Jul 2

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.

* T-BILL AUCTIONS: RBI to hold auctions of 90 bln rupees of 91-day T-bills, and 60 bln rupees of 182-day T-bills.

MISC.

*RBS ROUNDTABLE: Royal Bank of Scotland N.V. roundtable on Jul-Dec outlook for debt capital market. 1200 IST, Mumbai.

*FACEBOOK MEET: Facebook Chief Operating Officer Sandberg to be present at FICCI Ladies Organisation's interactive session. 1300 IST, New Delhi.

MARKETS

Call  : Seen opening at around RBI's MSF rate as demand for funds from banks is seen firm early

in the session. 1-day call: 8.00-8.90% vs 7.50% Tue.

Bonds : Seen steady to slightly higher post SEBI FII gilt limit auction. To remain in tight band,

intraday. 10-year yield: 8.68-8.75% vs 8.74% Tue.

Rupee : To take opening cues from Asian currencies. PSU banks' dlr buys seen offsetting custodialinflows. Range: 59.85-60.30/$1 vs 60.07/$1 Tue.

Stocks: Seen opening up amid positive cues from overseas markets Nifty range 7550-7680;

Tuesday-end 7634.70, up 23.35 points.

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