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Money Market update

Money Market update
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First Published: Mon, Sep 14 2009. 10 52 AM IST
Updated: Mon, Sep 14 2009. 10 52 AM IST
G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.36% same as the previous day closing levels. The 10-year US Treasury yield eased from 3.36% to 3.34%. The 3-month Interest Rate Future is trading at a level of 8.12%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.32% - 7.38%.
Money Market: The Call Rate and CBLO rate opened at 3.30% and 2.80%. 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 6.62% - 6.67%, compared to previous closing levels of 6.71%. The OIS swap rates are expected to trade range-bound tracking G-sec yields.
Forex Market: The INR opened at Rs48.68 against the USD compared to previous closing level of Rs48.48. Rupee is expected to trade in the range of 48.40 – 48.90.
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First Published: Mon, Sep 14 2009. 10 52 AM IST