Expect 10-yr yield to continue to trade in 7.7-7.8% range with good bidding interest in expectations of a rate cut & risk-off sentiment, says Ashutosh Raina, HDFC Bank.
Ashutosh Raina, HDFC Bank said, "The impact of the Chinese Yuan depreciation is still being felt across global markets. The USD-INR currency pair has been no exception with the pair finally breaching the psychological 65/USD figure tracking other Asian peers. Expect the pair to trade between the 65-65.50/USD range. RBI is expected to support the currency and limit the volatility."
"Expect 10-year yield to continue to trade in 7.7-7.8% range with good bidding interest in expectations of a rate cut & risk-off sentiment," he further added.The Great Diwali Discount!
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