RBI COUNTER

* DAILY LAF TENDERS: One set of 3-day reverse repo (at 7.00%) and 3-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: One set of 14-day variable rate term repo for 185 bln rupees. Bids may be submitted between 1100 and 1130 IST.

* GILT AUCTIONS: RBI to auction 20 bln rupees of 8.08%, 2022 bond, 60 bln rupees of 8.40%, 2024 bond, 30 bln rupees of 9.20%, 2030 bond, and 30 bln rupees of 8.30%, 2040 bond.

MARKETS

Call  : May open 20-30 bps above repo rate on demand from banks to meet weekend reserve needs. 3-day call: 7.60-8.40% vs 8.05% 1-day Thu.

Bonds : Seen steady ahead of gilt auction. Players may build positions ahead of CPI later in session. 10-yr bond yield: 7.84-7.88% vs 7.86% Thu.

Rupee : To open steady on expected dollar sales by foreign banks for companies. Range: 62.2000-62.7500/$1 vs 62.6700/$1 Thursday.

Stocks: Seen opening up tracking firm global equities. Infosys earnings eyed. Nifty range: 8200-8350, Thursday-end: 8234.60, up 132.50 points.

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