Thursday, 11 December 2014

DAILY LAF / TERM REPO TENDER

stock-markets-may-remain-volatile-on-rbi-move-derivatives-expiry
RBI COUNTER
* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-day repo (at 8.00%). Bids for repo tender may be submitted between 0930 IST and 1030 IST, and for reverse repo between 1900 IST and 1930 IST.
* TERM REPO TENDER: One set of 14-day variable rate term repo for 185 bln rupees. Bids may be submitted between 1100 and 1130 IST.
MARKETS
Call  : To open 5-10 bps above repo rate on demand from banks to meet reserve needs early in session. 3-day call: 8.05-8.10 vs 7.85-7.90% 1-day Thu
Bonds : To take cues from oil prices, US treasury yields. Expected lower Nov CPI to lend positive bias. 10-year bond yield: 7.85-7.90% vs 7.87% Thu.
Rupee : To open dn as dlr's rise vs euro may spur bks' dlr buys. Exporters' dollar sales may cap fall. Range: 62.20-62.60/$1 vs 62.3300/$1 Thu.
Stocks: May open slightly up; trade rangebound ahead of IIP, CPI data. Nifty range: 8250-8380, Thursday-end: 8292.90, down 62.75 points.

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