Ashutosh Khajuria of Federal Bank said, "We expect the rupee to hover between 64.25-64.50/dollar levels. The FOMC meet is largely neutral for the rupee."
He further added, "The Reserve Bank of India (RBI) would like to gradually allow the rupee to depreciate, so any move towards 64.25/dollar will not be resisted. We expect the RBI to support the dollar."
"We expect the 10-year benchmark bond yields to trade rangebound. The FOMC did not materially change expectations. Bonds moving towards the end of June quarter could see pick up in prices," he added.
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