10-year benchmark yield is expected to trade within a narrow range of 7.76-7.79%, says NS Venkatesh, IDBI Bank.
NS Venkatesh, IDBI Bank said, "The Rupee strengthened against the USD after touching an intra-day high of Rs 66.80/USD yesterday. We saw selling by custodial banks and some buying from PSBs to meet the oil demand. The Rupee will take cues from the equity market today and is expected to trade in a range of Rs 66.40-66.72/USD."
He further said, "The 10-year benchmark yield closed at around 7.78% yesterday, gaining 2 bps on the back of value buying. Today the bond markets are expected to take cues from the USD-INR movement and the 10-year benchmark yield is expected to trade within a narrow range of 7.76-7.79%."The Great Diwali Discount!
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