Thursday, November 10, 2016

Expect rupee to strengthen today:11.11.2016

Expect rupee to strengthen today:11.11.2016
Liquidity is expected to improve and we expect the 10-year benchmark bond yield to trade in a narrow range of 6.64-6.67 percent today, says  Vilas Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"The rupee today is expected to further signs of strengthening against basket of currencies as the RBI circular on S4A will be credit positive for banking. We expect the USD-INR pair to trade in a range of 66.58-66.68/USD for the day." He further said, "Liquidity is expected to improve and we expect the 10-year benchmark bond yield to trade in a narrow range of 6.64-6.67 percent today."