• On Monday, the benchmark 10Y bond (6.94% GS 2036) opened steady at 7.21%, as participants-maintained caution ahead of RBI MPC policy outcome on Wednesday. • Over the day, the 10Y point traded in a narrow range of 7.21-7.22%, as Brent crude hovered around $102/bbl and the 10Y UST remained near 5.25%. • INR closed at 96.3/$ with DXY hovering around 102.2 levels. • The 10Y point closed the day flat at 7.21%. • Banking system liquidity remained in surplus at ~INR 5.15 Tn. RBI conducted multiple VRRR auctions to absorb excess liquidity
