USD-INR seen between 66.50-67/USD range:
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Finally some profit booking in bonds, with 10-year yield drifting towards 7.20 percent,
"The BoE finally cut rates coupled with a QE package, in-line with market expectations. The markets will be keenly awaiting the crucial Non-Farm Payroll numbers today, after a weak recent GDP number.
The USD-INR pair has been trading in 66.50-67/USD range, with strong FII flows coupled with intervention at lower levels capping the gains. We expect the pair to continue trading this range in the near term. "Finally some profit booking in bonds, with 10-year yield drifting towards 7.20 percent. Expect the 10 year yields to trade in 7.15-7.25 percent," he added further.
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Finally some profit booking in bonds, with 10-year yield drifting towards 7.20 percent,
"The BoE finally cut rates coupled with a QE package, in-line with market expectations. The markets will be keenly awaiting the crucial Non-Farm Payroll numbers today, after a weak recent GDP number.
The USD-INR pair has been trading in 66.50-67/USD range, with strong FII flows coupled with intervention at lower levels capping the gains. We expect the pair to continue trading this range in the near term. "Finally some profit booking in bonds, with 10-year yield drifting towards 7.20 percent. Expect the 10 year yields to trade in 7.15-7.25 percent," he added further.