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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 Rs95.25 implying a yield of 6.72% lower than previous close of 6.75%. The yields eased tracking surplus liquidity position in the system.

The market participants would be looking forward to cut-offs in T-Bill auction. The G-sec yields are likely to be rangebound between 6.65% - 6.75%.

Money Market: The Call rate and CBLO rate opened at 3.60% and 1.52% respectively. The money market rates are expected to remain soft tracking adequate liquidity in the system.

Swap Market: The 5Y OIS swap rate opened at 5.56% lower than previous close of 5.65%. The OIS swap rates are expected to trade rangebound, tracking movement in G-sec yields.

Forex Market: The INR opened at Rs50.02 against the USD compared to previous closing level of Rs49.90. Rupee is expected to trade in the range of 49.75 - 50.25.

Click here for analysis of previous day’s trade

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Published: 15 Apr 2009, 09:52 AM IST
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