G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs99.25 implying a yield of 6.15% slightly lower than previous close of 6.17%. The market sentiment is expected to remain positive.
The markets would be awaiting results of OMO purchases and underwriting commissions for G-Sec auction. RBI would be purchasing 5 securities under OMO worth Rs6,000 crore. The G-sec yields are likely to be rangebound between 6.05% - 6.25%.
Money Market: The Call rate and CBLO rate opened at 4.30% and 2.70% respectively. The money market rates are expected to remain soft tracking surplus liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.26% similar to previous closing levels. The OIS swap rates are expected to trade rangebound, tracking movement in G-sec yields.
Forex Market: The INR opened at Rs50.45 against the USD compared to previous closing level of Rs50.35. Rupee is expected to trade in the range of 50.25 – 50.70.
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