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
repo rate on demand from banks to meet reserve needs. 1-day call: 8.10-8.15% vs 8.00-8.05% Wednesday.
Bonds : May track oil rates, US yields.
FOMC meet minutes may weigh. 10-year bond yield: 7.84-7.90% vs 7.86% Wednesday.
Rupee : To open steady to marginally
higher on expected dollar sales by foreign banks for FIIs. Range: 63.000-63.3500/$1 vs 63.1700/$1 Wednesday.
Stocks: Seen opening up on firm cues
from global equities. Nifty range: 8060-8250, Wednesday-end: 8102.10, down 25.25 points.
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