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: One set of 14-day variable
rate term repo for 185 bln rupees. Bids may be submitted between
1100 and 1130 IST.
* GILT AUCTIONS: RBI to auction 20 bln
rupees of 8.08%, 2022 bond, 60 bln rupees of 8.15%, 2026 bond, 30
bln rupees of 9.20%, 2030 bond, and 30 bln rupees of 8.30%, 2040 bond.
MARKETS
Call : Seen opening 30-40 bps
above RBI's repo rate on demand from banks to meet reserve needs. 3-day call: 8.30-8.40% vs 7.95-8.00% 2-day Wed.
Bonds : Steady as participants likely to
stay off big buys before auction. Value buying may support. 10-yr bond yield: 7.91-7.98% vs 7.96% Wed.
Rupee : Seen weak as dollar to remain
firm against major units. Dollar sales to check fall. Range: 63.40-63.80/$1 vs 63.51/$1 Wed.
Stocks: Seen opening marginally up, but
may remain in thin range. Nifty range: 8150-8280, Wednesday-end 8174.10, down 92.90 points.
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