Moneycontrol
Feb 15, 2017 09:08 AM IST | Source: CNBC-TV18

USD-INR to trade in 66.78-67.08/USD range: NS Venkatesh

The 10-year benchmark yield is expected to open with a negative bias and trade within the range of 6.90-6.95 percent, says NS Venkatesh, Lakshmi Vilas Bank.

USD-INR to trade in 66.78-67.08/USD range: NS Venkatesh
NS Venkatesh, Lakshmi Vilas Bank said, "The Yellen testimony shows a higher probability of a rate increase sooner than later and hence will impact both the equity and currency markets. The USD-INR is expected to trade in a range of 66.78-67.08/USD today."

He further said, "The bond traders will track global events including the Fed Governor's testimony. The 10-year benchmark yield is expected to open with a negative bias and trade within the range of 6.90-6.95 percent."
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