Expect rupee to trade in range 68.05-68.20/USD: Jayesh Mehta

Demonetisation has speeded up process of yields heading to below 6 percent levels, says Jayesh Mehta, BofA ML.

November 22, 2016 / 08:56 IST

Jayesh Mehta, BofA ML said, "If equities remain flat today, we expect the rupee to trade in a range of 68.05-68.20/USD."He further said, "Demonetisation has speeded up process of yields heading to below 6 percent levels. However, Indian macros look good. The biggest threat, right now, is the US interest rate movement. We expect the 10-year benchmark yield to trade in the range of 6.28-6.30 percent today."

first published: Nov 22, 2016 08:55 am

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