I expect the 10-year benchmark bond yield to remain within the 7.54-7.60 percent range for the day, says Bhaskar Panda of HDFC Bank.
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Bhaskar Panda of HDFC Bank said, "The dollar index suffered another fall soon after US CPI numbers which helped EM currencies gain."
"The USD-INR pair broke 64 on the downside yesterday and I expect the rupee appreciation trend to continue. See a range of 63.85-64.05 for the day."
"Higher US yields, lower than expected India CPI and WPI and government borrowing programme are the main contributors for movement in the bond yield."
