G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at Rs100.75 implying a yield of 6.80%, slightly higher than previous closing levels of 6.79The yields hardened slightly tracking hardening of US Treasury yields.
The benchmark 10-year US Treasury hardened from 3.32% to 3.38%. The 10-year G-sec 6.90% GOI 2019 2014 is likely to trade in the range of 6.75%- 6.84%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.99% respectively. The money market rates are expected to remain soft tracking comfortable liquidity position.
Swap Market: The 5Y OIS swap rate traded in the range of 5.99% - 6.04%, compared to previous closing levels of 6.03%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs48.86 against the USD compared to previous closing level of Rs49.08. Rupee is expected to trade in the range of 48.70 – 49.20.