MARKETS
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Call : Seen opening slightly above the repo rate on demand from banks to meet reserve needs. 1-day Call. 7.85% vs 6.75-6.80% Mon.
Bonds : May take cues from crude prices, US yield. Players may avoid big bets before RBI policy. 10-year bond yield: 7.63-7.67% vs 7.65% Monday.
Rupee : Steady as banks may avoid big dlr positions ahead of RBI policy. To track local shares intraday. Range: 61.60-61.95/$1 vs 61.79 Mon.
Stocks: May open flat to slightly up; RBI monetary policy eyed Nifty range: 8750-8850, Monday-end: 8797.40, down 11.50 points.
RBI COUNTER
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* 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.
* TERM REPO TENDER: One set of 13-day variable rate term repo for 150 bln rupees. Bids may be submitted between 1100 and 1130 IST.
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Call : Seen opening slightly above the repo rate on demand from banks to meet reserve needs. 1-day Call. 7.85% vs 6.75-6.80% Mon.
Bonds : May take cues from crude prices, US yield. Players may avoid big bets before RBI policy. 10-year bond yield: 7.63-7.67% vs 7.65% Monday.
Rupee : Steady as banks may avoid big dlr positions ahead of RBI policy. To track local shares intraday. Range: 61.60-61.95/$1 vs 61.79 Mon.
Stocks: May open flat to slightly up; RBI monetary policy eyed Nifty range: 8750-8850, Monday-end: 8797.40, down 11.50 points.
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.
* TERM REPO TENDER: One set of 13-day variable rate term repo for 150 bln rupees. Bids may be submitted between 1100 and 1130 IST.
view more
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