G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 97.00 implying a yield of 6.46% higher than previous close of 6.40%.
The markets are expected to be volatile looking forward to outcome of RBI’s Monetary Policy to be released tomorrow. The G-sec yields are likely to be rangebound between 6.30% - 6.50%.
Money Market: The Call rate and CBLO rate opened at 3.50% and 2.55% respectively. The money market rates are expected to continue to remain soft, tracking surplus liquidity situation.
Swap Market: The 5Y OIS swap rate opened at 5.53% higher than previous close of 5.50%. The OIS swap rates are expected to trade rangebound, tracking movement in G-sec yields.
Forex Market: The INR opened at Rs 50.04 against the USD compared to previous closing level of Rs 49.87. Rupee is expected to trade in the range of 49.75 – 50.25.
Click here to read previous day’s analysis