G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs96.25 implying a yield of 6.58% higher than previous close of 6.56%.
Market participants would look forward to cut-offs in State Development Loan auction worth Rs4,500 crore. The G-sec yields are likely to trade rangebound between 6.45% – 6.55%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.00% respectively. The money market rates are expected to trade rangebound tracking substantial liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 6.09% compared to previous closing levels of 6.17%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs47.44 against the USD compared to previous closing level of Rs47.29. Rupee is expected to trade in the range of 47.20 – 47.70.
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