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Last Updated : Sep 01, 2015 08:54 AM IST | Source: CNBC-TV18

USD-INR trading weak in 66-66.50/USD range: Ashutosh Raina

The 10-year bond yields are stuck in the 7.75-7.80 percent range. Some rate action is expected from RBI after the recent GDP data, says Ashutosh Raina, HDFC Bank.


Ashutosh Raina, HDFC Bank said, "The GDP number coming out of India has been below expectations opening doors for a possible rate action by RBI. The USD-INR currency pair has been trading weak in 66-66.50/USD range with FII outflows continuing to weigh on the currency pair. Expect the 66-67/USD trading range to continue with support coming from the central bank."


"The 10-year bond yields are stuck in the 7.75-7.80 percent range. Some rate action is expected from RBI after the recent GDP data," he added further.



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First Published on Sep 1, 2015 08:54 am
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