Thursday, February 16, 2017

Rupee to trade with slight weakening bias : 17.02.2017

Rupee to trade with slight weakening bias : 17.02.2017
The 10-year bond yields are consolidating around 6.85 percent level, after the massive sell-off following the RBI policy, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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"The USD-INR pair has been trading in a very tight range recently, tracking global dollar weakness. We expect the pair to trade in the 67-67.30/USD range today with slight weakening bias." He further said, "The 10-year bond yields are consolidating around 6.85 percent level, after the massive sell-off following the RBI policy. We expect the 10-year benchmark yields to trade in the 6.83-6.87 percent range today."