Moneycontrol
Oct 12, 2017 08:10 AM IST | Source: CNBC-TV18

USD-INR to trade in 65-65.30 range, bond market subdued ahead of CPI data: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.72-6.76 percent for the day, says Mohan Shenoi of Kotak Mahindra.

USD-INR to trade in 65-65.30 range, bond market subdued ahead of CPI data: Mohan Shenoi

Mohan Shenoi of Kotak Mahindra Bank said, "The US FOMC minutes look to confirm a December rate hike while terming below target inflation as transitory. The dollar remains rangebound against majors."

"We expect the USD-INR pair to be rangebound within a trading range of 65-65.30 today."

"Bond market is subdued ahead of release of CPI inflation data today evening. Continued supply of OMO sale today and scheduled auction tomorrow should deter building of positions in the G-Sec market."

"We expect the 10-year benchmark bond yield to trade in a range of 6.72-6.76 percent for the day," he said.
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