G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 98.10 implying a yield of 6.31% slightly lower than previous close of 6.34%.
The market participants would look forward to IIP data for March. The G-sec yields are likely to trade rangebound between 6.30% – 6.40%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.55% respectively. The money market rates are expected to continue to remain easy tracking substantial liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.65% compared to previous closing levels of 5.71%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs 49.65 against the USD compared to previous closing level of Rs 49.51. Rupee is expected to trade in the range of 49.20 – 49.90.
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