Rupee to trade in 66.70-67.20/USD range: 31.08.2016 8.52Am
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The 10-year yield is likely to trade at 7.10-7.18 percent in the near term,
In an environment of uncertainty over the Fed rate trajectory, rupee has held steady. We believe the renewed Fed rate hike probability may pose minor headwinds in the near term. Rupee is likely to trade in the range of 66.70-67.20/dollar."
"Surprise announcement of the new 10-Year bond led to yields softening across the curve. As the market realigns to the new 10-Year (to be auctioned on Friday), the curve is likely to witness a tactical softening bias. The 10-year yield is likely to trade at 7.10-7.18 percent in the near term."
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In an environment of uncertainty over the Fed rate trajectory, rupee has held steady. We believe the renewed Fed rate hike probability may pose minor headwinds in the near term. Rupee is likely to trade in the range of 66.70-67.20/dollar."
"Surprise announcement of the new 10-Year bond led to yields softening across the curve. As the market realigns to the new 10-Year (to be auctioned on Friday), the curve is likely to witness a tactical softening bias. The 10-year yield is likely to trade at 7.10-7.18 percent in the near term."