G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.95 lower than previous closing levels of 6.97%.
The yields opened lower tracking easing in US Treasury yields. The 10-year US Treasury yield eased from 3.69% to 3.67%.
The Markets would be looking forward to cut-offs in G-sec auctions. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 6.92% - 7.00%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.00% respectively. The money market rates are expected to remain soft tracking comfortable liquidity position.
Swap Market: The 5Y OIS swap rate traded in the range of 6.32% - 6.37%, compared to previous closing levels of 6.39%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs48.23 against the USD compared to previous closing level of Rs 48.36. Rupee is expected to trade in the range of 48.10 – 48.60.