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Last Updated : Mar 02, 2016 09:00 AM IST | Source: CNBC-TV18

Rupee seen between 67.80-67.90/USD range: NS Venkatesh

The positive sentiment is expected to continue today and the bond is expected to trade between 7.57-7.60%, says NS Venkatesh, IDBI Bank.


NS Venkatesh, IDBI Bank said, "The USD-INR strengthened yesterday and will take cues from the way the equity market as well as the crude prices behave. The pair is expected to trade between Rs 67.80-67.90/USD."

He further said, "The 10-year benchmark closed at 7.59% staging a smart recovery in the yield due to the Budget showing fiscal prudence with fiscal deficit of 3.5% next year. The market sentiment is affected positively due to the market expecting an inter-policy rate cut on the back of fiscal prudence. The positive sentiment is expected to continue today and the bond is expected to trade between 7.57-7.60%."

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First Published on Mar 2, 2016 09:00 am
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