Wednesday, September 21, 2016

USD-INR seen between 66.75-67/USD range: 22.09.2016

USD-INR seen between 66.75-67/USD range: 22.09.2016

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G-Sec in India is also expected to react positively

FOMC at its meeting yesterday left the Fed funds rate unchanged even while the case for hiking has strengthened. Bank of Japan has also kept its policy rate unchanged while introducing yield curve control. Dollar weakened marginally across the board in particular against yen.

This is positive for EM currencies. USD-INR trading range for the day seen between 66.75-67/USD." He further said, "FOMC decision is positive for EM bonds. G-Sec in India is also expected to react positively. The new 10-year bond is expected to trade in a range of 6.80-6.84 percent today."