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Business News/ Opinion / Online-views/  Money Market Update
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Money Market Update

Money Market Update

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G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at 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 50.04 against the USD compared to previous closing level of 49.87. Rupee is expected to trade in the range of 49.75 – 50.25.

Click here to read previous day’s analysis

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Published: 20 Apr 2009, 09:48 AM IST
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