Moneycontrol
Aug 11, 2017 08:29 AM IST | Source: CNBC-TV18

USD-INR to trade between 64-64.20 range: Bhaskar Panda

10-year benchmark yield is expected to remain within the 6.45-6.50 percent range today if no more escalation comes through, says Bhaskar Panda of HDFC Bank .

USD-INR to trade between 64-64.20 range: Bhaskar Panda

Bhaskar Panda of HDFC Bank said, "USD-INR danced to both global risk-off and local issues including Dokalam issue. Technically, rupee continued to close above 63.80 which puts focus back on 64.30. Hence, expect USD-INR pair to trade within a range of 64-64.20 today."

He further added, "The 10-year benchmark yield responded to Indo-China border news and closed higher on Thursday. It is expected to remain within the 6.45-6.50 percent range today if no more escalation comes through."
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