Monday, January 2, 2017

USD-INR to trade between 67.90-68.20/USD : 03.01.2017

USD-INR to trade between 67.90-68.20/USD : 03.01.2017
The 10-year benchmark yield is down after its recent high. It is expected to remain soft within the 6.35-6.45 percent range, HDFC Bank.
NIFTY FUT  TREND             : SELL ZONE
BANKNIFTY FUT  TREND  : SELL ZONE


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"Most of the overseas markets were closed on Monday. This provided no respite to USD-INR pair. Demand pushed up the pair above the 68/dollar mark. The pair is expected to range trade within 67.90-68.20/USD today." He further said, "The 10-year benchmark yield is down after its recent high. It is expected to remain soft within the 6.35-6.45 percent range."