G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs97.52 implying a yield of 6.40% slightly higher than previous close of 6.39%.
The market participants would be looking forward to the cut-offs in T-Bill auction. The G-sec yields are likely to trade rangebound between 6.35% – 6.50%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.80% respectively. The money market rates are expected to remain easy tracking substantial liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.66% compared to previous closing levels of 5.67%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs47.90 against the USD compared to previous closing level of Rs47.78. Rupee is expected to trade in the range of 47.50 – 48.20.
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