Nov 07, 2017 08:08 AM IST | Source: CNBC-TV18
USD-INR to trade between 64.50-64.75 range: Bhaskar Panda
I expect the USD-INR to trade in a range of 64.50-64.75 for today, says Bhaskar Panda of HDFC Bank.
Bhaskar Panda of HDFC Bank said, "The dollar index has started the day with some losses today due to uncertainty over Trump tax proposals. The USD-INR pair yesterday rallied and closed higher, however supply is still very decent."
"With this background, I expect the USD-INR to trade in a range of 64.50-64.75 for today."
"The 10-year benchmark bond yield is looking up again as it rallied towards 6.90 percent mark yesterday. Today, it may remain in a range of 6.87-6.90 percent," he added.
