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Money Market update

Money Market update
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First Published: Tue, Oct 06 2009. 09 33 AM IST
Updated: Tue, Oct 06 2009. 09 33 AM IST
G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened flat at 7.18%. The 10-year US Treasury yield is also flat at 3.24%.
The 3-month Interest Rate Future is trading at a level of 7.98%. The 10-year G-sec 6.90% GOI 2019 is likely to be volatile and trade between 7.15% to 7.25%.
Money market: The Call Rate and CBLO rate opened at 3.26% and 2.10%. The money market rates are expected to remain range-bound.
Swap Market: The 5Y OIS swap rate is trading in the range of 6.72% - 6.77%, compared to previous closing levels of 6.66%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at Rs47.25 against the USD compared to previous closing level of Rs47.52. Rupee is expected to trade in the range of 47.00 – 47.50.
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First Published: Tue, Oct 06 2009. 09 33 AM IST