RBI's REPO RATE ON DEMAND

 
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  : Seen opening tad above RBI's repo rate on demand from banks to meet reserve needs. 1-day call: 8.00-8.15% vs 7.35-7.60% 2-day Saturday.
Bonds : May take cues from crude oil price, US treasuries. 10-year bond yield: 7.94-8.00% vs 7.97% Friday.
Rupee : May open down as dollar firm vs euro. Sell orders by exporters may check sharp fall. Range: 63.45-63.70/$1 vs 63.57/$1 Friday.
Stocks: Seen consolidating; bias bearish; auto cos in focus; Nifty range: 8145 - 8250, Friday-end 8200.70, up 26.60 points.

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