Thursday, October 27, 2016

USD-INR to trade with weakening bias:28.10.2016

USD-INR to trade with weakening bias:28.10.2016
The bonds continue to trade heavy on the back of weak global sentiment, with the 10-year benchmark yield hovering around 6.85 percent, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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"The USD-INR pair, despite global dollar strength, continues to trade around the 67/USD level, with aggressive intervention from Central Bank keeping it in a tight range. Expect it to trade in the 66.80-67.50/USD range in the near term with a weakening bias.""The bonds continue to trade heavy on the back of weak global sentiment, with the 10-year benchmark yield hovering around 6.85 percent. We expect the 10-year to trade in a range of 6.85-6.90 percent in the near term."

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