Rupee may be firm on dollar's weakness: Pinnacle Forex

According to N Subramaniam of Pinnacle Forex, the rupee is likely to be firm today on the back of the dollar's weakness and continued FII flow.

"Possible retracement in the equity market could limit the gains. The range for the day is seen between 44.50-44.70/USD." Subramaniam said.
Ramanathan K of ING Investment Management feels that bonds are expected to be ranged given concern on growth both locally and globally. "However any significant rally in prices would be capped by continuation of govt supply. The 10-year yield is seen between 8.20-8.30%," he said.