Monday, August 22, 2016

Expect USD-INR to trade in 67-67.50/USD range: 23.08.2016

Expect USD-INR to trade in 67-67.50/USD range: 23.08.2016


We expect the 10-year yield to trade in the 7.15-7.25 percent range in the near term,


"The market attention is fully focused on Fed Chief Janet Yellen's Jackson Hole speech this weekend, after some hawkish comments from Fed speakers have increased the probability of Fed hiking interest rates earlier than anticipated.

 We expect the USD-INR pair to trade in the 67-67.50/USD range in the near term."

"The 10-year benchmark bond yield is hovering around 7.20 percent, with expectations of more OMOs and comfortable liquidity conditions keeping bonds well bid. We expect the 10-year yield to trade in the 7.15-7.25 percent range in the near term."