Rupee seen at 66.5-66.8/$, bond yield at 6.72-6.75%:10/20/2016
Kotak Bank & Kotak Mahindra Bank says currency markets are rangebound with a slight bias towards dollar strength. The rupee is resilient and likely to remain in a narrow range.
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Kotak Mahindra Bank says crude prices have drifted higher and are now likely to trade in a new range of USD 50-57 a barrel.Currency markets are rangebound with a slight bias towards dollar strength. The rupee is resilient and likely to remain in a narrow range, he feels.The trading range for the USD-INR is seen between 66.50-66.80 a dollar for the day. Meanwhile, he says absence of open market operations purchases by RBI and higher crude prices have made G-Sec market cautious.The 10-year benchmark yield is expected to trade in a range of 6.72-6.75 percent for the day.
Kotak Bank & Kotak Mahindra Bank says currency markets are rangebound with a slight bias towards dollar strength. The rupee is resilient and likely to remain in a narrow range.
NIFTY FUT TREND : BUY ZONE
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Kotak Mahindra Bank says crude prices have drifted higher and are now likely to trade in a new range of USD 50-57 a barrel.Currency markets are rangebound with a slight bias towards dollar strength. The rupee is resilient and likely to remain in a narrow range, he feels.The trading range for the USD-INR is seen between 66.50-66.80 a dollar for the day. Meanwhile, he says absence of open market operations purchases by RBI and higher crude prices have made G-Sec market cautious.The 10-year benchmark yield is expected to trade in a range of 6.72-6.75 percent for the day.