Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsBusinessMarketsUSD-INR to trade between 64.40-64.70: Mohan Shenoi

    USD-INR to trade between 64.40-64.70: Mohan Shenoi

    Expect the yield on the 10-year bond to trade in a range of 6.93-6.97 percent today, says Mohan Shenoi of Kotak Mahindra Bank.

    May 11, 2017 / 08:05 IST

    Mohan Shenoi of Kotak Mahindra Bank said, "Post a positive French election result, 'risk-on' is seen in global equity markets with rangebound currency markets. Indian equity market touched a new high and this could contribute to rupee strength. USD-INR trading range for the day seen between 64.40-64.70/dollar."

    He further added, "Auction of the new 10-year bond is slated tomorrow. When issued, market suggests a cut off of 6.80 percent. A bounce back in crude oil prices and higher US 10-year treasury yields has turned bond market sentiment negative."

    "Expect the yield on the 10-year bond to trade in a range of 6.93-6.97 percent today."

    first published: May 11, 2017 08:05 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347