Expect USD-INR to trade within 66.75-67/USD range: 12.08.2016
K.Karthik Raja Expect the yield to remain between 7.05-7.10 percent, says K.Karthik Raja, Rupeedesk Consultancy .
"The pull and push in USD-INR is evenly matched currently. Support comes in around 66.80/USD and break below this looks unsustainable. Hence I expect the pair to trade within the 66.75-67/USD range." "The 10-year benchmark yield is slowly aligning down. I expect the yield to remain between 7.05-7.10 percent," he further added.
K.Karthik Raja Expect the yield to remain between 7.05-7.10 percent, says K.Karthik Raja, Rupeedesk Consultancy .
"The pull and push in USD-INR is evenly matched currently. Support comes in around 66.80/USD and break below this looks unsustainable. Hence I expect the pair to trade within the 66.75-67/USD range." "The 10-year benchmark yield is slowly aligning down. I expect the yield to remain between 7.05-7.10 percent," he further added.