G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.88%, lower than previous closing levels of 6.92%.
The yields eased tracking US Treasury yields. The benchmark 10-year US Treasury eased from 3.67% to 3.63%.
The markets would look forward to cut-offs in State Development Loan Auctions worth Rs 6,300 cr. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 6.80% - 6.90%.
Money Market: The Call rate and CBLO rate opened at 3.20% and 2.97% 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 6.29% - 6.34%, compared to previous closing levels of 6.36%. 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 Rs48.20. Rupee is expected to trade in the range of 48.00 – 48.50.