Moneycontrol
Last Updated : Mar 08, 2018 08:19 AM IST | Source: CNBC-TV18

USD-INR to trade between 64.80-65.10: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 7.66-7.70 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

CNBC TV18 @moneycontrolcom

Mohan Shenoi of Kotak Mahindra Bank said, "The dollar was weaker due to rising protectionism in US which could potentially lead to trade wars if US trading partners retaliate."

"The rupee is in a range as support from dollar weakness and lower oil is neutralised by weaker equity markets where sentiment remains adverse. We expect the USD-INR to trade in a range of 64.80-65.10 for the day."

"Lower crude oil prices and Government's pitch for a rating upgrade to Fitch has improved sentiment in the bond market. We expect the 10-year benchmark bond yield to trade in a range of 7.66-7.70 percent for the day," he added.
First Published on Mar 8, 2018 08:19 am

tags #Rupee

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