Markets likely to be range-bound: Dilip Bang

By Dilip Bang of Nirmal Bang

In the previous fortnight, the Indian markets rallied on the back of developments in the international arena. The US central bank or the Federal Reserve, Bank of Canada, Bank of England, Bank of Japan, European Central Bank and Swiss National Bank extended the deadline of the dollar swap line. They also agreed to reduce the interest rate on dollar liquidity swap lines by 0.5%. This move will facilitate easy availability of the US dollar to Europe