Moneycontrol
May 19, 2017 08:07 AM IST | Source: CNBC-TV18

USD-INR to remain under pressure till global risk tone improves: Ashutosh Raina

The risk off sentiment can keep the bonds under pressure, and expect the 10 year to trade in 6.83-6.88 percent range for today, says Ashutosh Raina of HDFC Bank.

USD-INR to remain under pressure till global risk tone improves: Ashutosh Raina

Ashutosh Raina of HDFC Bank said, "Political uncertainty continues to cloud the dollar outlook, coupled with Brazilian crisis impacting the emerging market currencies adversely."

"We expect the USD-INR pair to be under pressure till the global risk tone improves. The pair is expected to trade in the 64.50-65.30/dollar range today."

"The bonds have been subdued after the recent rally with 10-year settling at 6.85. The risk off sentiment can keep the bonds under pressure, and expect the 10 year to trade in 6.83-6.88 percent range for today, " he added.
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