Expect rupee, bond markets to recover: Tirthankar Patnaik

Tirthankar Patnaik, Mizuho Bank said, "We expect rupee and bond markets to recover from the positive news of Rajya Sabha passing the GST Constitutional Amendment Bill last evening. This should continue the strengthening trend of the rupee of the last 7 days despite profit booking seen yesterday.""With little surprise expected from RBI policy next week, we expect the rupee to trade in the range of 66.25-66.75/USD in the next 2 weeks and 10-year benchmark yields between 7.1-7.25 percent," he added.