CONFERENCES 

* PENSION SYSTEM: Minister of State for Finance Sinha, Expenditure Secretary Watal and Financial Services Secretary Adhia to inaugurate conference on National Pension System Implementation in central government sector. 0945 IST, New Delhi.

* COMPETITION POLICY: Minister of State for Finance Sinha, former finance minister Sinha and National Statistical Commission Chairman Sen to be present at CUTS roundtable discussion on 'Adoption of National Competition Policy to achieve double digit growth in India'. 1430 IST, New Delhi.

* BANKING CONCLAVE: RBI Deputy Governor S.S. Mundra to speak at annual banking conclave organised by Mint. 1830 IST, Mumbai.

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.

MARKETS

Call  : May open tad above repo rate. Intraday rates may slip as bks already borrowed at Wed's 2-day repo tender. 1-day call: 7.80% vs 6.80% Wed.

Bonds : May track outcome of US FOMC meet. Players may stay off big bets before auction Friday. 10-yr bond yld: 7.67-7.73% vs 7.70% Wednesday.

Rupee : To take opening cues from US FOMC statement. Local shrs to lend cues. Range: 61.20-61.60/$1 vs 61.41 Wed.

Stocks: Seen volatile ahead of Jan futures expiry; Coal India to be in focus. Nifty range: 8850 and 8975, Wednesday-end: 8914.30, up 3.8 points.

view more