G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 6.91 similar to previous closing levels. The 10-year US Treasury yield eased from 3.72% to 3.69%.
The Markets would be looking forward reading on WPI Inflation and underwriting commissions for G-sec auctions. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 6.85% - 6.92%.
Money Market: The Call rate and CBLO rate opened at 3.26% and 3.00% 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 6.30% - 6.35%, compared to previous closing levels of 6.31%. The OIS swap rates are expected to trade rangebound tracking movement in G-sec yields.
Forex Market: The INR opened at Rs48.33 against the USD compared to previous closing level of Rs 48.56. Rupee is expected to trade in the range of 48.30 – 48.70.