Rupee to gain marginally on back of positive equity:10.11.2016
Shenoi The 10-year benchmark yield is expected to trade in a range of 6.65-6.70 percent for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
"Trump presidency has triggered volatility in global equity, bond and currency markets. Dollar after initial sell-off rebounded well against major currencies. Market has swung from risk-off to risk-on sentiment. Rupee is expected to gain marginally today on the back of positive equity markets. The USD-INR pair is expected to trade in a range of 66.35-66.65/dollar for the day." He further said, "Market expects inflation to fall and Government fiscal deficit to improve post demonetisation of 500 and 1000 denomination currency notes. This has turned sentiment in the bond market positive. However, a sharp rise in US 10-year treasury yield above 2 percent level could be a dampener. The 10-year benchmark yield is expected to trade in a range of 6.65-6.70 percent for the day."
Shenoi The 10-year benchmark yield is expected to trade in a range of 6.65-6.70 percent for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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