Thursday, December 8, 2016

USD-INR to trade within range of 67.20-67.50/USD : 9.12.2016

USD-INR to trade within range of 67.20-67.50/USD : 9.12.2016
The 10-year benchmark bond yield is expected to consolidate around the 6.40 percent pivot, HDFC Bank.
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE


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"Dollar Index lost weight post the US jobless claims data. We expect the USD-INR pair to trade within a range of 67.20-67.50/USD." "The 10-year benchmark bond yield jumped after the RBI kept rates unchanged. It is expected to consolidate around the 6.40 percent pivot."