USD-INR to trade in 63.50-63.80 range, bond market to trade cautiously: Mohan Shenoi

10-year benchmark is expected to trade in the range of 6.44-6.49 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

August 03, 2017 / 08:13 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Rupee has appreciated sharply on the back of selling from large exporters and custodian banks. USD-INR trading range for the day is 63.50-63.80."

He further added, "The bond market is expected to trade cautiously. 10-year benchmark is expected to trade in the range of 6.44-6.49 percent for the day."

first published: Aug 3, 2017 08:13 am

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