USD-INR to trade in range of 68.50-68.80/USD: NS Venkatesh

The new 10-year G-Sec is expected to trade between 6.31-6.33 percent today, says NS Venkatesh, Lakshmi Vilas Bank.
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Nov 30, 2016, 09.06 AM | Source: CNBC-TV18

USD-INR to trade in range of 68.50-68.80/USD: NS Venkatesh

The new 10-year G-Sec is expected to trade between 6.31-6.33 percent today, says NS Venkatesh, Lakshmi Vilas Bank.

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USD-INR to trade in range of 68.50-68.80/USD: NS Venkatesh

The new 10-year G-Sec is expected to trade between 6.31-6.33 percent today, says NS Venkatesh, Lakshmi Vilas Bank.

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NS Venkatesh, Lakshmi Vilas Bank said, "The expectation is that the market will take cues from the equity market as well as the dollar index movement. Hence, it is expected that the USD-INR will trade in the range of 68.50-68.80/dollar."

He further said, "The liquidity constraint in the system due to the additional CRR is keeping market participants in a nervous mood. Hence, volumes are less. The new 10-year G-Sec is expected to trade between 6.31-6.33 percent today."
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USD-INR to trade in range of 68.50-68.80/USD: NS Venkatesh

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