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Last Updated : Oct 13, 2015 09:38 AM IST | Source: CNBC-TV18

Rupee to trade in 64.50-65.50/USD range: Ashutosh Raina

Expect the yields in 10-year benchmark bonds to hover in the 7.50-7.60% range, says Ashutosh Raina, HDFC Bank.


Ashutosh Raina, HDFC Bank feels the better-than-expected IIP numbers and CPI on expected lines should lift the sentiment in Indian markets.

He says the USD-INR pair has come off from recent highs and is hovering near the lower end of the current range of Rs 64.50-65.50/USD and central bank support can be expected here.

Meanwhile, in bonds, he expects some profit booking after the recent rally.

Raina expects the yields in 10-year benchmark bonds to hover in the 7.50-7.60 percent range.



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First Published on Oct 13, 2015 08:52 am
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