G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.76%, lower than previous closing levels of 6.79%.
The yields eased tracking announcement of new Government Borrowing Program Calendar which was in line with market expectations.
The US Treasury yields eased impacting the market sentiment. The benchmark 10-year US Treasury eased from 3.63% to 3.59%.
The markets would look forward to cut-offs in G-sec auction. The 10-year G-sec 6.90% GOI 2019 2014 is likely to trade in the range of 6.70%- 6.80%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.50% 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 6.12% - 6.17%, compared to previous closing levels of 6.18%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs48.59 against the USD compared to previous closing level of Rs 48.70. Rupee is expected to trade in the range of 48.20 – 48.70.