USD-INR to trade between 64.50-64.80: Mohan Shenoi

USD-INR trading range for the day is 64.50-64.80/dollar, says Mohan Shenoi of Kotak Mahindra Bank.

April 20, 2017 / 08:22 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Rupee is rangebound, consolidating after sharp gains in March. USD-INR trading range for the day is 64.50-64.80/dollar."

He further added, "Forecast of a better monsoon and overnight rally in US treasuries has improved sentiments in the bond market. Market is expecting issuance of a new 10-year benchmark resulting in spread compression. Trading range for the day is seen at 6.83-6.86 percent."

first published: Apr 20, 2017 08:07 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!

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