RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 6.75%) and 1-day repo 7.75%). Bids for repo tender may be submitted between 0930 IST and IST, and reverse repo between 1900 IST and 1930 IST.

* TERM REPO TENDER: One set of 14-day variable rate term repo for 155 bln. Bids may be submitted between 1100 and 1130 IST.

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 181.50 bln rupees worth of bonds issued by 17 states--Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Jammu and Kashmir, Karnataka, Maharashtra, Manipur, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand, Uttar Pradesh, West Bengal.

MARKETS

Call  : Seen opening above repo rate on demand from banks to meet mandatory reserve requirements. 1-day call: 8.00-8.10% vs 7.85% 4-day Friday.

Bonds : May take cue from crude prices, US yield. Players may avoid big bets before FOMC outcome. 10-year bond yield: 7.68-7.63% vs 7.70% Friday.

Rupee : Seen steady. FII inflows likely to continue. Importer dollar buys to weigh. Range: 61.25-61.60/$1 vs 61.42/$1 Friday.

Stocks: Seen rangebound with a positive bias; caution likely ahead of US FOMC meet. Nifty range: 8600-8900, Friday-end: 8835.60, up 74.20 points.

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