G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs98.25 implying a yield of 6.29% higher than previous close of 6.42%. The markets are expected to be volatile.
The market participants would be looking forward to announcement of G-sec auction to be held this week. The G-sec yields are likely to trade rangebound between 6.20% – 6.35%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.15% respectively. The money market rates are expected to remain easy tracking substantial liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.52% compared to previous closing levels of 5.67%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR appreciated and opened at Rs48.68 against the USD compared to previous closing level of Rs49.41. Rupee is expected to trade in the range of 48.20 – 48.90.