Ahead of auction tomorrow, the 10-year is expected to trade in a range of 7.73-7.77%, says Mohan Shenoi, Kotak Mahindra Bank.
Mohan Shenoi, Kotak Mahindra Bank said, "Currency markets remain volatile as concerns about China continue to impact all markets. ECB rate setting meeting later today and US Payroll data tomorrow will determine the near-term direction of the market. With RBI presence in the market, USD-INR is expected to trade today in a range of Rs 66-66.40/USD."
He further said, "All domestic variables are bond positive. However, global factors are inducing volatility in bond yields. Ahead of auction tomorrow, the 10-year is expected to trade in a range of 7.73-7.77%."The Great Diwali Discount!
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