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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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.

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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.

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COMMODITIES
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CRUDE OIL: Futures settled lower on Monday following the Syriza party's victory in Greece on Sunday amid choppy trade. Comments from Abdalla el-Badri, the secretary-general of the Organization of the Petroleum Exporting Countries, initially aided prices. Abdalla el-Badri said that crude oil prices could rise to $200/bbl if no new investments were made on the supply-side.

--NYMEX Mar futures (a barrel): $45.15 Monday vs $45.59 Friday

GOLD: Futures slid Monday on profit sales and uncertainty following the outcome of the Greek elections. A rebound in the euro from 11-year lows, after newly-elected Greek Prime Minister Alexis Tsipras said that he intended to keep the Mediterranean country a part of the common currency region, also reduced demand for the precious metal.

--COMEX Feb futures (a troy ounce): $1,279.40 Monday vs $1,292.60 Friday.

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RBI COUNTER

* DAILY LAF TENDERS: One set of 1-day reverse repo (at 6.75%) and 1-day repo 7.75%). Bids for repo tender may be submitted between 0930 IST and 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. Bids may be submitted between 1100 and 1130 IST.

* STATE DEVELOPMENT LOAN AUCTION: RBI to hold auction of 181.50 bln rupees worth of bonds issued by 17 states--Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Jammu and Kashmir, Karnataka, Maharashtra, Manipur, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand, Uttar Pradesh, West Bengal.

MARKETS

Call  : Seen opening above repo rate on demand from banks to meet mandatory reserve requirements. 1-day call: 8.00-8.10% vs 7.85% 4-day Friday.

Bonds : May take cue from crude prices, US yield. Players may avoid big bets before FOMC outcome. 10-year bond yield: 7.68-7.63% vs 7.70% Friday.

Rupee : Seen steady. FII inflows likely to continue. Importer dollar buys to weigh. Range: 61.25-61.60/$1 vs 61.42/$1 Friday.

Stocks: Seen rangebound with a positive bias; caution likely ahead of US FOMC meet. Nifty range: 8600-8900, Friday-end: 8835.60, up 74.20 points.

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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  : Seen opening above repo rate on demand from banks to meet mandatory reserve requirements. 1-day call: 8.00% vs 7.75-7.80% Wednesday.

Bonds : Seen steady as players may stay off big bets ahead of auction Fri. Rate cut view may support. 10-yr bond yld: 7.68-7.74% vs 7.69% Wednesday.

Rupee : To open up as foreign banks may sell dlrs for FIIs. Dlr buys by PSU banks to limit sharp rise. Range: 61.5000-61.8000/$1 vs 61.6350/$1 Wed.

Stocks: Seen opening marginally up. ECB meet outcome eyed. Nifty range: 8650-8780, Wednesday-end: 8729.50, up 33.90 points.

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MARKETS

Call  : Seen opening above repo rate on demand from banks to meet mandatory requirements. 1-day call: 8.00-8.10% vs 7.75-8.00% Monday.

Bonds : To take opening cues from crude price, US treasury yields. Value-buying may support prices. 10-year bond yield: 7.69-7.73% vs 7.72% Monday.

Rupee : To open up as banks may sell dollars anticipating FII inflows. Asian, NDF rates, eyed. Range: 61.4500-61.9000/$1 vs 61.7100/$1 Monday.

Stocks: Seen moving in a narrow range; Oct-Dec earnings eyed. range: 8480-8580, Monday-end: 8550.70, up 36.90 points.

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