RBI COUNTER
DAILY LAF TENDERS: One set of 1-day reverse repo (at 7.00%) and 1-day repo(at 8.00%). Bidsfor repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.

MARKETS Call :May open above RBI's repo rate on demand for funds early in the session. 1-day Call: 7.50-8.50% vs 8.95-9.00% Wed.
Bonds : Seen steady before RBI gilt auction Friday. Prices may take cues & from rupee. 8.83%, 2023 bond yld: 8.80-8.90% vs 8.86% Wed.
Rupee : To track global cues at open. May be supported by PSU banks' & dollar sales. Range: 61.20-61.80/$1 Thu vs 61.49/$1 Wed.
Stocks: Seen extending losses amid weak global market cues.& Nifty range 7600-7750; Wed-end 7672.05, down 74.50 points.

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