Thursday, November 17, 2016

Rupee to trade in range of 67.80-68/USD : 18.11.2016

Rupee to trade in range of 67.80-68/USD : 18.11.2016
Soft CPI, surge in liquidity is expected to play a role in traders mindset which may get reflected on the bond yields, HDFC Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"The dollar index had touched 13.5-year high before retreating. The USD-INR pair is expected to trade in a range of Rs 67.80- 68/USD. One can expect selling from the central bank in case of high volatility." He further said, "Soft CPI, surge in liquidity is expected to play a role in traders mindset which may get reflected on the bond yields. The 10-year benchmark bond yield is expected to remain between 6.40-6.45 percent range."