Ashutosh Raina of HDFC Bank says the continued year-end portfolio flows getting absorbed by the intervention bids, continue in the USD-INR pair, with the pair trading close to crucial 64.80-64.85 per dollar technical level.
He expects the pair to trade in the 64.75-65.15 per dollar range for the day.
On bond outlook, Raina says the 10-year bond yields have settled below 6.70 percent on the back of continued FII buying and easy liquidity conditions.
He expects the 10-year benchmark yield to trade in the 6.65-6.70 percent range for the day.
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!
