Moneycontrol
Dec 02, 2016 09:03 AM IST IST | Source: CNBC-TV18

USD-INR pair is in range 68.20-68.50/USD: Bhaskar Panda

There is sharp reversal in the 10-year benchmark bond yield and it is expected to remain within the 6.20-6.22 percent range, says Bhaskar Panda, HDFC Bank.

Bhaskar Panda, HDFC Bank said, "Uncertainty due to demonetisation and issues related to FCNR outflow is almost over. The effect of CRR increase is also discounted. Indian foreign exchange market is now more or less stabilised after USD-INR pair touched a lifetime high of 68.86/dollar earlier. The pair is now expected to consolidate within the 68.20-68.50/USD range."

"There is sharp reversal in the 10-year benchmark bond yield and it is expected to remain within the 6.20-6.22 percent range," he added.
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