Money Market Update

Money Market Update
Comment E-mail Print Share
First Published: Mon, Mar 02 2009. 11 14 AM IST
Updated: Mon, Mar 02 2009. 11 14 AM IST
G-sec Market: The benchmark 10-year yield security 6.05% GOI 2019 opened at 6.04%.
The yields are expected to be rangebound during the day, as markets will gauge the multiple announcements by RBI and Finance Ministry at the end of the previous week.
RBI / Finance Ministry announced that Rs45,000 crore would be transferred from MSS cash account to normal cash account, G-Sec auction worth Rs12,000 crore, Open Market Operations worth Rs6,000 crore (with a green shoe option of Rs3000 crore).
Money market: The Call rates opened at 4.10%. The rates in money markets are expected to be easy tracking comfortable liquidity position in the system.
Swap Market: The 5Y swap rates opened at 4.99%. The OIS swap rates are expected to be rangebound.
Forex Market: The INR opened at Rs51.55 against the USD.
Comment E-mail Print Share
First Published: Mon, Mar 02 2009. 11 14 AM IST