Tuesday, February 21, 2017

Rupee continues to hover around 67/USD : 22.02.2017

Rupee continues to hover around 67/USD : 22.02.2017
The 10 year bond yields continue to consolidate around 6.85 percent level, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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HDFC Bank says the USD/INR currency pair continues to hover around the 67/dollar level tracking the global risk on sentiment, with gains getting capped by suspected intervention. He expects the pair to trade in 66.80-67.10/dollar range for today. "The 10 year bond yields continue to consolidate around 6.85 percent level. Expect the 10 year bonds to trade in 6.83-6.87 percent range today."