Monday, 5 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 reverse repo between 1900 IST and 1930 IST.
* TERM REPO TENDER: One set of 14-day variable rate term repo for 150 bln rupees. Bids for term repo tender may be submitted between 1100 IST and 1130 IST.

MARKETS
Call : May open slightly above repo rate on demand from banks to meet reserve needs. 1-day call: 8.00-8.10% vs 8.95-9.00% Mon.

Bonds : May take opening cues from oil prices, US ylds. Mild value-buying may support. Seen in narrow range. 10-yr bond yld: 7.85-7.90% vs 7.89% Mon.

Rupee : To open dn tracking euro. Dlr rise vs euro may spur bks dlr buys, exporter dlr sales may cap fall. Range: 63.30-63.70/$1 vs 63.41/$1 Mon.

Stocks: Seen opening down tracking sell-off in global equities Nifty range: 8300-8420, Monday-end: 8378.40, down 17.05 points.


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