USD-INR to trade between 64.30-64.50, 10-year bond yield in 6.44-6.47% range: Bhaskar Panda
We expect the USD-INR to trade in a range of 64.30-64.50 for the day, says Bhaskar Panda of HDFC Bank.
Bhaskar Panda of HDFC Bank said, "After prolonged battering, the dollar index seems to be recovering a bit. The USD-INR pair though has been behaving pretty independently as the pair tries to remain above 64.30/dollar level."
"We expect the pair to again trade in a range of 64.30-64.50 for the day.""We expect the 10-year benchmark bond yield to trade within a range of 6.44-6.47 percent today," he added.