DATA ALERT

> US MBA MORTGAGE APPLICATIONS SURVEY for week ended Dec 19. 1730 IST

> US UNEMPLOYMENT INSURANCE CLAIMS REPORT for wk ended Dec 20. 1900 IST

> US DJ-BTMU BUSINESS BAROMETER for wk ended Dec 13. 2030 IST

> US EIA PETROLEUM STATUS REPORT for wk ended Dec 19. 2100 IST

> US EIA NATURAL GAS STORAGE REPORT for wk ended Dec 19. 2230 IST

RBI COUNTER

* DAILY LAF TENDERS: One set of 2-day reverse repo (at 7.00%) and 2-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.

* T-BILL AUCTION: RBI to hold auctions of 80 bln rupees of 91-day T-bills, and 50 bln rupees of 364-day T-bills.

MARKETS

Call  : Seen opening 20-30 bps above RBI's repo rate on demand from banks to meet reserve needs. 2-day call: 8.20-8.30% vs 8.00% 1-day Tuesday.

Bonds : To take cues from oil prices, US treasuries. Players may stay off big bets before holiday Thu. 10-year bond yield: 7.91-7.96% vs 7.92% Tue.

Rupee : To open weak as dollar may strengthen on strong US GDP data. To track Asian units and NDF. Range: 63.2000-63.5500/$1 vs 63.2800/$1 Tue.

Stocks: To remain choppy amid rollovers due to F&O expiry. Nifty range: 8200-8350, Tuesday-end: 8267.00, down 57.00 points.

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