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 TENDER: One set of 14-day variable rate term repo for 155 bln rupees. Bids may be submitted between 1100 and 1130 IST. * GILT AUCTIONS: RBI to auction 30 bln rupees of 8.27%, 2020 bond, 60 bln rupees of 8.60%, 2028 bond, 20 bln rupees of 8.24%, 2033 bond, and 30 bln rupees of 8.17%, 2044 bond. MARKETS ------------------- Call : Seen opening above repo rate on demand from banks to meet weekend reserve needs. 3-day Call. 8.10-8.20% vs 7.20% 1-day Thursday. Bonds : Seen down as report govt may not meet divest aim hits mood. Players may be cautious before auction. 10-yr bond yield: 7.85-7.92% vs 7.88% Wed. Rupee : Seen steady to tad down as dollar buying expected to continue. To track Asian units, NDF at open. Range: 63.20-63.60/$1 vs 63.35/$1 Thursday. Stocks: Seen range bound in the absence of major triggers. Nifty range: 8200-8350, Thursday-end: 8284.00, up 1.30 points.
Posted on: Fri, 02 Jan 2015 05:28:32 +0000