Expect rupee to trade between 62-62.35/$: Mohan Shenoi

The 10-year yield is likely to trade in a range of 8.73-8.78 percent, says Mohan Shenoi, Kotak Mahindra Bank.

February 20, 2014 / 08:52 IST

Mohan Shenoi of Kotak Mahindra Bank said, "RBI's announcement of providing adequate liquidity through term repo to neutralise advance tax outflows in March is expected to comfort bond market. The 10-year yield is likely to trade in a range of 8.73-8.78 percent."

"Bunched up FX inflows on account of holiday yesterday should support rupee which is expected to trade in a range of 62-62.35/USD," he added.

first published: Feb 20, 2014 08:52 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347