USD-INR to trade in range 66.60-67/USD: Ashutosh Raina

Ashutosh Raina, HDFC Bank said, "The rally in USD-INR pair continues on the back of global risk-on sentiment, even though dollar index has moved higher to 100.65 from recent lows. We expect the pair to trade in the 66.60-67/USD range for today."He further said, "The hawkish hold by RBI in the recent credit policy led to massive sell off in bonds with 10-year yields settling at 6.85 percent. Expect the 10-year yields to trade in 6.80-6.90 percent range today."