RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 6.75%) and 1-day repo (at 7.75%). 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 above repo rate on demand from banks to meet mandatory reserve requirements. 1-day call: 8.00% vs 7.75-7.80% Wednesday.

Bonds : Seen steady as players may stay off big bets ahead of auction Fri. Rate cut view may support. 10-yr bond yld: 7.68-7.74% vs 7.69% Wednesday.

Rupee : To open up as foreign banks may sell dlrs for FIIs. Dlr buys by PSU banks to limit sharp rise. Range: 61.5000-61.8000/$1 vs 61.6350/$1 Wed.

Stocks: Seen opening marginally up. ECB meet outcome eyed. Nifty range: 8650-8780, Wednesday-end: 8729.50, up 33.90 points.

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