Thursday, December 15, 2016

See rupee in 67.90-68.30/$ range, yield seen at 6.60% : 16.12.2016

See rupee in 67.90-68.30/$ range, yield seen at 6.60% : 16.12.2016
HDFC Bank says US Federal Reserve delivered as per market expectations. Hawkish undertone has pushed Dollar index to 14-year high.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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HDFC Bank says US Federal Reserve delivered as per market expectations. Hawkish undertone has pushed Dollar index to 14-year high. This will impact USD-INR pair as well, he feels. He expects a range of 67.90-68.30 against the US dollar. Panda says the 10-year bond yield benchmark is expected to be under pressure. He expects the yield to move towards 6.60 percent.