RBI COUNTER
* TERM REPO: One set of 16-day variable rate term repo for 155 bln rupees. Bids for term repo tender may be submitted between 1100 and 1130 IST.
* T-BILL AUCTION: RBI to hold auctions of 90 bln rupees of 91-day T-bills, and 60 bln rupees of 182-day T-bills.
MARKETS
Call : May open higher on likely strong demand to meet reserve needs for long weekend and festival outflows. 5-day call: 8.70-8.80% vs 8.25% Tue.
Bonds : May open on positive mood on diesel decontrol. Caution before weekend, profit sales may weigh. 10-yr bond yield: 8.35-8.40% vs 8.37% Tue.
Rupee : To track Asian units, NDF at open on Wed. Oil importers' dlr buys. May weigh. Shares eyed intraday. Range: 61.2000-61.6000/$1 vs 61.3100 Tue.
Stocks: Trade seen rangebound; cos' Jul-Sep earnings eyed. Nifty range: 7900-8020; Friday-end 7927.75, up 48.35 points.
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