USD-INR continues to defy overall dollar strength : 3.3.2017
The 10-year benchmark bond yield to trade broadly in the 6.80-6.90 percent range in the near term, HDFC Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
"The increasing probability of Fed hike in March has resulted in dollar index soaring above the 102 level. However, the USD-INR pair continues to defy the overall dollar strength, but the gains have been capped by strong intervention. We expect the pair to trade in a 66.70-67 dollar range today." He further said, "Bonds rallied yesterday on the back of some short covering. We expect the 10-year benchmark bond yield to trade broadly in the 6.80-6.90 percent range in the near term."
The 10-year benchmark bond yield to trade broadly in the 6.80-6.90 percent range in the near term, HDFC Bank.
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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"The increasing probability of Fed hike in March has resulted in dollar index soaring above the 102 level. However, the USD-INR pair continues to defy the overall dollar strength, but the gains have been capped by strong intervention. We expect the pair to trade in a 66.70-67 dollar range today." He further said, "Bonds rallied yesterday on the back of some short covering. We expect the 10-year benchmark bond yield to trade broadly in the 6.80-6.90 percent range in the near term."