10-year bond yield to trade in 6.43-6.47% range, rupee seen between 64.20-64.40: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.43-6.47 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

July 20, 2017 / 08:19 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Currency markets are keenly awaiting European Central Bank (ECB) meeting today which could hint at taper and QE unwinding. We expect the USD-INR pair to trade in a range of 64.20-64.40 for the day."

He further added, "The bond market is cautious in the backdrop of OMO sale by RBI. Market continues to expect policy rate cut of 25 bps in the forthcoming review by RBI."

"We expect the 10-year benchmark bond yield to trade in a range of 6.43-6.47 percent for the day," he said.

first published: Jul 20, 2017 08:19 am

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