Rupee to remain in 63-64/dollar range: Ashutosh Raina

Ashutosh Raina of HDFC Bank said, "The risk-off sentiment appears to have engulfed the global markets with oil prices hitting 5-year lows and political uncertainty in Greece forcing investors to move to safe havens.”

“The dollar strength continues with dollar index hitting 91.5 levels and gaining against most currencies. The USD-INR pair has been relatively rangebound in the 63-63.50/dollar range. The Rupee is likely to be in the 63-64/dollar range with suspected intervention expected to continue," he said.

"The 10-year bond yields continue to trade in 7.8-8 percent range awaiting the upcoming inflation numbers for further cues," he said.