USD-INR to trade in range of 67.30-67.60/USD : 8.12.2016
The 10-year benchmark bond yield to trade in a range of 6.39-6.45 percent for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
"US Fed rate hike this month is certain. Market focus is now on pace of future hikes. RBI did not cut policy rates as expected resulting in strengthening of the rupee. The USD-INR is expected to trade in a range of 67.30-67.60/USD for the day." "The bond market reacted sharply to the RBI not delivering a rate cut. Rollback on CRR and other liquidity measures did not help sentiment. We expect the 10-year benchmark bond yield to trade in a range of 6.39-6.45 percent for the day."
The 10-year benchmark bond yield to trade in a range of 6.39-6.45 percent for the day, Kotak Mahindra Bank.
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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"US Fed rate hike this month is certain. Market focus is now on pace of future hikes. RBI did not cut policy rates as expected resulting in strengthening of the rupee. The USD-INR is expected to trade in a range of 67.30-67.60/USD for the day." "The bond market reacted sharply to the RBI not delivering a rate cut. Rollback on CRR and other liquidity measures did not help sentiment. We expect the 10-year benchmark bond yield to trade in a range of 6.39-6.45 percent for the day."