Forex Market News

Rupee Seen In Range Of 64.20-64.55/$, Bond Yield To Trade At 6.52-6.57%

Mohan Shenoi of Kotak Mahindra Bank said the rupee closed marginally stronger in previous session (9 paise higher) on the back of inflows and dovish monetary policy.
However global markets are expected to be cautious today in view of the ECB meeting, UK elections and Comey testimony, according to him. Shenoi expects the rupee to trade in range of 64.20-64.55 against the US dollar.
On bond yield, he said lowering of inflation forecast followed by dovish statement by the RBI has made the bond market bullish. Lower Brent crude prices and continued FII flows are likely to push yields further down, he feels. Shenoi expects 6.79 percent bond yield to trade in the range of 6.52-6.57 percent for the day.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007 ✔
Give a Missed Call for Free Trial – 09699997717 ✔
Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s