G-sec Market: The 10-year G-sec 6.90% GOI 2019 opened at a yield of 7.30% compared to previous day closing levels of 7.37%.
The unscheduled OMO announcement of Rs. 6000 crore soothened the market sentiments. The 10-year US Treasury yield hardened from 3.45% to 3.47%.
The 3-month Interest Rate Future is trading at a level of 8.11%. The 10-year G-sec 6.90% GOI 2019 is likely to trade in the range of 7.30% - 7.36%.
Money Market: The Call Rate and CBLO rate opened at 3.27% 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 6.40% - 6.45%, compared to previous closing levels of 6.42%. The OIS swap rates are expected to trade rangebound tracking G-sec yields.
Forex Market: The INR opened at Rs48.45 against the USD compared to previous closing level of Rs 48.47. Rupee is expected to trade in the range of 48.25 – 48.75.