G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.35% compared to previous day closing levels of 7.34%. Market participants are waiting for the OMO and Underwriting results. The 10-year US Treasury yield hardened from 3.47% to 3.48%. The 3-month Interest Rate Future is trading at a level of 8.12%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.33% - 7.39%.
Money market: The Call Rate and CBLO rate opened at 3.28% and 2.51%. 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 6.41% - 6.46%, compared to previous closing levels of 6.43%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at Rs48.41 against the USD compared to previous closing level of Rs48.51. Rupee is expected to trade in the range of Rs48.30 – 48.50.