Rupee likely to be weak on dollar's rally: Alpari India

Experts feels that the rupee is likely to be weak on the equity market cues & the dollar's rally globally.

Pramit Brahmbhatt of Alpari India said the rupee was likely to be weak on the equity market cues & the dollar's rally globally. He expects the range for the day between 44.40-44.80/USD.
On the bond outlook - Dhawal Dalal of DSP BlackRock said, "The bonds may attempt to recoup some of the losses in the near-term after the sharp erosion post the Credit Policy. The 10-year yield is seen between 8.25-8.30% over the the near-term."