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
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.
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.