USD-INR to trade within 66.85-67.05/USD range:02.09.2016 - 08.43Am
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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We expect the 10-year benchmark yield to hover between 7.08-7.14 percent today,
"In the recent days, we have seen healthy chunky inflows. Excess supplies in the market has been absorbed by the central bank, thus preventing rupee from too much appreciation. Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/USD range."
"We expect the 10-year benchmark yield to hover between 7.08-7.14 percent today," he added.
NIFTY Fut : SELL ZONE
BANKNIFTY Fut : SELL ZONE
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We expect the 10-year benchmark yield to hover between 7.08-7.14 percent today,
"In the recent days, we have seen healthy chunky inflows. Excess supplies in the market has been absorbed by the central bank, thus preventing rupee from too much appreciation. Given this background and the fact that non-farm payroll number is expected, the USD-INR pair may trade within the 66.85-67.05/USD range."
"We expect the 10-year benchmark yield to hover between 7.08-7.14 percent today," he added.