G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs93.20 implying a yield of 7.01% lower than previous close of 7.08%.
The G-sec market is expected to trade rangebound in the backdrop of announcement of twin G-Sec Auction worth Rs12,000 crore to be held on 2 April 2009.
The securities being auctioned are 7.56% GOI 2014 for Rs8,000 crore and 7.94% GOI 2021 for Rs4,000 crore. The G-sec yields are likely to be rangebound between 6.90% - 7.05%.
Money market: The Call rate and CBLO rate opened at 5.25% and 4.95% respectively. The Money Market rates are expected to trade rangebound with market participants staying away from markets on account of year closing.
Swap Market: The 5Y OIS swap rate opened at 5.59% lower than previous close of 5.70%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs 51.04 against the USD compared to yesterday’s closing level of Rs51.16. Rupee is expected to trade in the range of 50.85 51.25.
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