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

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.