G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs 95.75 implying a yield of 6.65% lower than previous close of 6.70%. The yields eased tracking easing in US yields on Friday.
The markets would look forward to announcement of G-sec auction scheduled for this week. The G-sec yields are likely to trade rangebound between 6.60% – 6.70%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.70% respectively. The money market rates are expected to trade rangebound tracking comfortable liquidity position.
Swap Market: The 5Y OIS swap rate opened at 6.16% compared to previous closing levels of 6.21%. The OIS swap rates are expected to trade rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs 47.00 against the USD compared to previous closing level of Rs 47.09. Rupee is expected to trade in the range of 46.80 – 47.30.