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.