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 AUCTION: RBI to hold auctions of 80 bln rupees of 91-day T-bills, and 50 bln rupees of 182-day T-bills.

MARKETS

Call  : Seen opening firm around 8.50% as demand for funds is likely to remain strong from banks. One-day call: 8.50% vs 8.20-8.35% Tuesday.

Bonds : To take cues from oil prices, US treasuries. Mild profit sales may weigh. 10-year bond yield: 7.84-7.88% vs 7.87% Tuesday.

Rupee : Seen steady to tad down Wed. To track Asian units, NDF. To trade in thin band amid low volume. Range: 63.30-63.60/$1 vs 63.38/$1 Tuesday.

Stocks: Seen rangebound amid lack of major triggers. Nifty range: 8230-8300, Tuesday-end: 8248.25, up 1.95 points.

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