G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.11% compared to previous closing levels of 7.09%. RBI announced G-sec auctions worth Rs12,000 crore to be held on 25 September.
The 10-year US Treasury yield closed range-bound at 3.49%. The 3-month Interest Rate Future is trading at a level of 7.97%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.08% - 7.15%.
Money market: The Call Rate and CBLO rate opened at 3.30% and 2.90%. The money market rates are expected to remain soft tracking comfortable liquidity in the system.
Swap Market: The 5Y OIS swap rate traded in the range of 6.61% - 6.66%, compared to previous closing levels of 6.62%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at Rs48.14 against the USD compared to previous closing level of Rs48.14. Rupee is expected to trade in the range of 48.00 – 48.50.