G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 95.50 implying a yield of 6.66% much lower than previous close of 6.70%.
The yields have continued to ease tracking substantial liquidity in the system. The G-sec yields are likely to be rangebound between 6.55% - 6.75%.
Money market: The Call rate and CBLO rate opened at 3.55% and 2.00% respectively. The money market rates are expected to remain easy tracking comfortable liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.40% lower than previous close of 5.45%. The OIS swap rates are expected to remain easy tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs 49.92 against the USD compared to previous closing level of Rs 50.04. Rupee is expected to appreciate tracking rebuilding of confidence in equity markets. It is expected to trade in the range of 49.75 - 50.15.