Dec 01, 2016 08:59 AM IST IST | Source: CNBC-TV18

Expect USD-INR to trade in range 68.45-68.80/USD: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.23-6.28 percent for the day, says Mohan Shenoi, Kotak Mahindra Bank.

Mohan Shenoi, Kotak Mahindra Bank said, "Oil prices have risen on the back of OPEC decision to cut production. Strong US data makes December rate hike near certain. US treasury yields go higher and dollar strength against global majors continues. We expect the USD-INR to trade in a range of 68.45-68.80/USD for the day."

"We expect the 10-year benchmark bond yield to trade in a range of 6.23-6.28 percent for the day," he added.
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