Expect rupee to rebound to 67/USD level: Tirthankar Patnaik

We expect the 10-year benchmark yield to remain in the 7.45-7.55 percent band in the near term, says Tirthankar Patnaik, Mizuho Bank.

June 16, 2016 / 08:52 IST

Tirthankar Patnaik, Mizuho Bank said, "Asian currencies are incrementally likely to benefit from the expected stimulus package from the Bank of Japan. We expect the rupee to rebound to 67/USD levels, and trade in the 66.80-67.20/dollar range in the near term."He further said, "We expect yields to see marginal relief on the back of delayed action by the Fed, especially by the weak commentary on growth where the 2016 estimate is now lower by 20 bps to 2%. We expect the 10-year benchmark yield to remain in the 7.45-7.55 percent band in the near term."

first published: Jun 16, 2016 08:52 am

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