Rupee to open weaker, bond yield seen in 6.43-6.48% range : 15.16.2016
Kotak Mahindra Bank expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
US Federal Reserve hiked Fed Funds rate by 25 bps overnight. However the tone was more hawkish than what was priced in by the market resulting in further dollar strength across the board, he adds. He expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day. Sentiment in the bond market is expected to be bearish today. The 10-year benchmark bond yield is expected to trade in a range of 6.43-6.48 percent for the day, he feels.
Kotak Mahindra Bank expects the USD-INR to open weaker and the trading range is seen between 67.70 and 68 against the US dollar for the day.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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