G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.10% compared to previous closing levels of 7.13%. The yields eased tracking RBI announcement of OMO auctions worth Rs6,000 crore to be held on 24 September 2009.
The 10-year US Treasury yield eased from 3.49% to 3.46%. The 3-month Interest Rate Future is trading at a level of 7.92%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.05% - 7.12%. The markets would look forward to cut-offs in T-bill auctions.
Money market: The Call Rate and CBLO rate opened at 3.30% and 2.75%. The money market rates are expected to remain soft tracking comfortable liquidity in the system.
Swap Market: The 5Y OIS swap rate traded in the range of 6.58% - 6.62%, compared to previous closing levels of 6.64%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at Rs47.86 against the USD compared to previous closing level of Rs47.97. Rupee is expected to trade in the range of 47.65 – 48.15.