FCNR redemptions to keep rupee under pressure:10/21/2016
The 10-year bonds are consolidating around 7.80 level on the back of weak global sentiment,HDFC Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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HDFC Bank says the US dollar continues to gain against most of its peers with the Dollar Index settling above 98 level. The USD/INR currency pair also came off from recent highs, in-line with other peer currencies. The pair to trade around Rs 67/USD handle with FCNR redemptions also expected to keep the pair under pressure.The 10-year bonds are consolidating around 7.80 level on the back of weak global sentiment.
The 10-year bonds are consolidating around 7.80 level on the back of weak global sentiment,HDFC Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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