G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.87%, higher than previous closing levels of 6.86%.
The yields hardened tracking hardening of US Treasury yields on Friday. The benchmark 10-year US Treasury hardened from 3.59% to 3.67%. The 10-year G-sec 6.90% GOI 2019 2014 is likely to trade in the range of 6.80%- 6.90%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.96% 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 6.20% - 6.26%, compared to previous closing levels of 6.21%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs48.52 against the USD compared to previous closing level of Rs 48.74. Rupee is expected to trade in the range of 48.20 – 48.70.