• The 10-year benchmark government bond (6.48% GS 2035) opened flat at 6.91% as the Brent crude oil prices remained unchanged overnight. • Over the day, the 10Y point remained largely unchanged however few traders booked profits ahead of the release of CPI inflation data for May and the weekly gilt auction Friday. • Indian rupee ended higher against the dollar supported by growing hopes of substantial foreign inflows after the RBI Friday announced foreign capital measures. INR ended at 95.27/$ vs 95.35/$. • The 10Y point closed 3bps higher at 6.94% vs 6.91%. • The latest banking system liquidity stands in surplus of ~INR 1472.12 Bn.
