G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 98.52 implying a yield of 6.25% higher than previous close of 6.21%.
The yields are expected to be volatile as market participants look forward to book profits in the markets especially with long weekend The G-sec yields are likely to be rangebound between 6.15 to 6.30.
Money Market: The Call rate and CBLO rate opened at 3.30% and 2.75% respectively. The money market rates are expected to remain easy tracking surplus liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.24% compared to previous closing levels of 5.21%. The OIS swap rates are expected to harden slightly tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs 50.27 against the USD compared to previous closing level of Rs 50.52. Rupee is expected to trade in the range of 50.15 – 50.65.