G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.30% compared to previous closing levels of 7.34%. The yields eased tracking movement of US Treasury yields. The 10-year US Treasury yield eased from 3.56% to 3.48%.
The markets would look forward to cut-offs in State Development Loan auctions worth Rs 4,500 cr. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.28% - 7.34%.
Money Market: The Call Rate and CBLO rate opened at 3.25% and 2.00%. The money market rates are expected to remain soft tracking comfortable liquidity in the system.
Swap Market: The 5Y OIS swap rate traded in the range of 6.42% - 6.47%, compared to previous closing levels of 6.50%. The OIS swap rates are expected to trade rangebound, tracking G-sec yields.
Forex Market: The INR opened at Rs48.80 against the USD compared to previous closing level of Rs 48.61. Rupee is expected to trade in the range of 48.50 – 49.00.