G-sec Market: The benchmark 10-year security 6.05% GOI 2019 opened at Rs99.25 implying a yield of 6.15% lower than previous close of 6.21%. The market sentiment is expected to remain positive.
The markets would be awaiting results of G-Sec auction worth Rs12,000 crore. The securities on offer are 6.05% GOI 2019 (FEB) for Rs8,000 crore & 7.50% GOI 2034 for Rs4,000 crore. The G-sec yields are likely to be rangebound between 6.05% - 6.25%.
Money Market: The Call rate and CBLO rate opened at 3.25% and 2.60% respectively. The money market rates are expected to remain easy tracking surplus liquidity in the system.
Swap Market: The 5Y OIS swap rate opened at 5.23% similar to previous closing levels. The OIS swap rates are expected to trade rangebound, tracking movement in G-sec yields.
Forex Market: The INR opened at Rs49.83 against the USD compared to previous closing level of Rs49.93. Rupee is expected to trade in the range of 49.70 – 50.20.
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