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.
MARKETS
Call : May open 10-15 bps above RBI repo rate on demand from banks to meet reserve needs. 1-day call: 8.10-8.15% vs 7.85-8.00% 3-day Friday.
Bonds : May open steady as Nov CPI as expected. Weekend oil price, US yield to lend cues. 10-yr bond yield: 7.78-7.83% vs 7.83% Friday.
Rupee : May open steady to tad up on positive CPI data. Asian units, NDF eyed. Range: 62.2000-62.4000/$1 vs 62.2900/$1 Friday.
Stocks: Seen opening weak on disappointing IIP data. Oil and gas cos in focus. Nifty range: 8170-8390, Friday-end: 8224.10, down 68.80 points.
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