USD-INR to trade between 63.90-64.20: Mohan Shenoi

We expect the USD-INR pair to trade in a range of 63.90-64.20 for the day, says Mohan Shenoi of Kotak Mahindra Bank.

August 24, 2017 / 08:38 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Global currency markets are in a tight range ahead of Jackson Hole conference. Geopolitical tensions are also keeping the markets jittery. We expect the USD-INR pair to trade in a range of 63.90-64.20 for the day."

He further added, "The bond market is under supply pressure on account of large issuances of SDL, OMO, scheduled weekly auction of dated securities."

first published: Aug 24, 2017 08:38 am

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