USD-INR to trade in 64.50-64.90 range: Ashutosh Raina

Ashutosh Raina of HDFC Bank said, "The hawkish Central Bank commentaries have resulted in risk-off sentiment across the global markets, with equities losing and treasuries getting sold off."

"The USD-INR pair has retraced from recent highs tracking other EM currencies. We expect the pair to trade in a range of 64.50-64.90/dollar for today."

"The bonds have also sold off ahead of scheduled auction today, with the 10-year benchmark yield settling at 6.50 percent, tracking the risk-off sentiment and higher US treasuries," he added.