Moneycontrol
Jan 11, 2017 08:58 AM IST IST | Source: CNBC-TV18

Expect rupee to open at 68.26/dollar: NS Venkatesh

The rupee will take cues from the equity market movement as well as the minor weakness of USD against the major currencies, says NS Venkatesh of Lakshmi Vilas Bank.

NS Venkatesh of Lakshmi Vilas Bank said, "The rupee is expected to open today at 68.26/dollar and trade steadily in a narrow range of 68.15-68.35/dollar."

"The rupee will take cues from the equity market movement as well as the minor weakness of USD against the major currencies."

"On the back of liquidity and benign inflation expectations, the 10-year benchmark bond yield is expected to open at 6.39 percent and trade in a range of 6.35-6.40 percent," he added.

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