G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 97.80 implying a yield of 6.35% lower than previous close of 6.40%. The yields eased tracking continued positive sentiment in the market.
Market participants would be looking forward to outcome of RBI’s Monetary Policy to be released today. The G-sec yields are likely to be highly volatile between 6.15% - 6.50% depending on the policy outlook.
Money Market: The Call rate and CBLO rate opened at 3.55% and 2.57% respectively. The money market rates are expected to remain easy tracking surplus liquidity situation.
Swap Market: The 5Y OIS swap rate opened at 5.46% lower than previous close of 5.49%. The OIS swap rates are expected to trade rangebound tracking policy outlook.
Forex Market: The INR opened at Rs50.54 against the USD compared to previous closing level of Rs50.33. Rupee is expected to trade in the range of 50.30 – 50.80.
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