Feb 17, 2017 09:03 AM IST | Source: CNBC-TV18

Rupee to trade with slight weakening bias: Ashutosh Raina

The 10-year bond yields are consolidating around 6.85 percent level, after the massive sell-off following the RBI policy, says Ashutosh Raina, HDFC Bank.

Rupee to trade with slight weakening bias: Ashutosh Raina
Ashutosh Raina, HDFC Bank said, "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."
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