Sunday, 4 January 2015

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 for reverse repo between 1900 IST and 1930 IST.

MARKETS
Call  : Seen opening near RBI's repo rate as banks may rush to cover reserve  needs early in session. 1-day Call 7.95-8.10% vs 4.00% 2-day Sat.
Bonds : May take cues from crude oil price, US yields. 10-year bond yield: 7.85-7.92% vs 7.87% Friday.
Rupee : Seen steady. Asian units, NDF eyed. Dlr inflow in Nostro may hit. Range: 63.1000-63.4000/$1 vs 63.2950/$1 Friday.
Stocks: Seen opening marginally down; trade seen rangebound
Nifty range: 8300-8450, Friday-end: 8395.45, up 111.45 points.


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