Expect rupee bearishness to continue, 10-year yield seen between 6.59-6.62%: Bhaskar Panda
The 10-year benchmark bond yield is expected to move between 6.59-6.62 percent, says Bhaskar Panda of HDFC Bank.
Bhaskar Panda of HDFC Bank said, "We expect the USD-INR to trade in a range of 64-64.20. We expect a little bit of rupee bearishness to continue."He further added, "The 10-year benchmark bond yield is expected to move up slowly past 6.60 percent and the range today is seen between 6.59-6.62 percent."