USD-INR to trade in 67.20-67.80/USD range: Ashutosh Raina

Ashutosh Raina, HDFC Bank said, "The crucial 2-day FOMC meeting starts today, with markets expecting a 0.25 percent hike. The dollar index has come off from recent highs. We expect the USD-INR pair to trade in the 67.20-67.80/USD ahead of FOMC rate decision."He further said, "The bonds had a big sell-off after RBI maintained status quo on rates. The demand for sovereign bonds and easy liquidity conditions are expected to help bonds gain from current levels."