USD-INR back in 61-62 range: Ashutosh Raina

The 10-year bond yields are approaching the 7.50 percent mark with markets anticipating another rate cut at the upcoming RBI credit policy, says Ashutosh Raina of HDFC Bank.

January 20, 2015 / 09:00 IST

Ashutosh Raina of HDFC Bank said, "The earlier than expected rate cut by Reserve Bank of India (RBI) last week has spurred the Indian markets; with currency, equity and bond markets rallying. The USD / INR currency pair is back in 61-62 range with appreciating bias."

He further added, "The 10-year bond yields are approaching the 7.50 percent mark with markets anticipating another rate cut at the upcoming RBI credit policy.

first published: Jan 20, 2015 09:00 am

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