G-sec Market: The benchmark 10-year security 6.05% GOI 2019 (FEB) opened at Rs96.35 implying a yield of 6.57%, slightly higher than previous close of 6.56%.
The yields hardened tracking RBI announcement of G-sec auctions worth Rs 15,000 crore to be held on 11 June, 2009. The further hardening of US Treasury yields on Friday also impacted the market sentiment. The G-sec yields are likely to trade rangebound between 6.50% – 6.60.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.75% respectively. The money market rates are expected to trade rangebound tracking comfortable liquidity position.
Swap Market: The 5Y OIS swap rate opened at 6.34% compared to previous closing levels of 6.18%. The OIS swap rates are expected to remain rangebound tracking the movement in G-sec yields.
Forex Market: The INR opened at Rs47.27 against the USD compared to previous closing level of Rs 47.12. Rupee is expected to trade in the range of 47.00 – 47.50.