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 14-day variable rate term repo for 155 bln rupees. Bids may be submitted between 1100 and 1130 IST.

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 116.20 bln rupees worth of bonds issued by 13 states--Bihar, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Punjab, Rajasthan, Tamil Nadu, and Uttar Pradesh.

MARKETS

Call  : Seen opening 10-15 bps above RBI's repo rate on demand from banks to meet reserve needs. 1-day call. 7.85-7.90% vs 7.00-7.20% Mon.

Bonds : May track US Treasury yields, crude oil prices Tue. Mild value buying may support prices: 10-yr bond yield 7.69-7.74% vs 7.72% Monday.

Rupee : Seen steady to tad up on positive India Oct-Dec GDP data. Delhi poll results eyed intraday. Range: 61.9000-62.3000/$1 vs 62.1650 Mon.

Stocks: Seen choppy with negative bias; Delhi poll outcome eyed. Nifty range: 8450-8600, Monday-end: 8526.35, down 134.70 points.

view more

RBI COUNTER

* DAILY LAF TENDERS: One set of 3-day reverse repo (at 6.75%) and 3-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 14-day variable rate term repo for 195 bln rupees. Bids may be submitted between 1100 and 1130 IST

* GILT AUCTIONS: RBI to auction 20 bln rupees of the 8.27%, 2020 bond, 50 bln rupees of the 8.15%, 2026 bond, 30 bln rupees of the 8.24%, 2033 bond and 30 bln rupees of the 8.17%, 2044 bond.

MARKETS

Call  : Open 20-30 bps above repo rate. Banks to borrow for weekend reserves, indirect tax outflows. 3-day call: 7.95-8.05 vs 8.60-8.70 1-day Thu.

Bonds : May open taking cues from oil prices, US yields. May remain steady, on caution before auction. 10-yr bond yield: 7.68-7.73% vs 7.70% Thu.

Rupee : Seen up as banks may sell dollars on hopes of FII inflows. To eye movement of dollar vs other units. Range: 61.55-61.80/$1 vs 61.73 Thu.

Stocks: Seen down on continued weakness in metal, PSU bank shares Nifty range: 8650-8800, Thursday-end: 8711.70, down 12 points.

view more

MARKETS
-----------------
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

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 up as banks may borrow funds early in the session to cover their reserve needs. 1-day call: 7.00-8.00% vs 5.00% 2-day Sat.
Bonds : Crude, US yields to lend cues. Players may stay off big bets before RBI policy. 10-yr bond yield: 7.67-7.72% vs 7.69% Fri.
Rupee : To take cues from US GDP data. Local shares to lend cues. Range: 61.60-62.00/$1 vs 61.86 Fri.
Stocks: Seen opening down amid mixed cues from global markets Nifty range: 8700-8850, Friday-end: 8808.90, down 143.45 points.

view more