G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.96 lower than previous closing levels of 7.00%.
The yields opened lower tracking substantial easing in US Treasury yields. The 10-year US Treasury yield eased from 3.67% to 3.52%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 6.94% - 7.00%.
Money Market: The Call rate and CBLO rate opened at 3.26% and 3.04% 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 6.28% - 6.33%, compared to previous closing levels of 6.36%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs47.83 against the USD compared to previous closing level of Rs 47.93. Rupee is expected to trade in the range of 47.50 – 48.00.