10-year bond yield to trade in 6.72-6.77% range: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.72-6.77 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

March 30, 2017 / 09:03 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Macro data emanating from US continues to be robust keeping the dollar strength intact. The rupee is resilient on the back of FII flows into bonds and equity."

"We expect the USD-INR to trade in a range of 64.80-65.10/dollar for the day.".

"FII flows into G-Sec market is very strong. However, fresh auction supply will commence from 1st week of April. We expect the 10-year benchmark bond yield to trade in a range of 6.72-6.77 percent for the day," he added.

first published: Mar 30, 2017 08:07 am

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