I expect a range between 7.65-7.70 percent for today in 10-year benchmark bond yield, says Bhaskar Panda of HDFC Bank.
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Bhaskar Panda of HDFC Bank said, "The dollar index has steadied above 89.50 levels ahead of the new Fed chief's first congressional testimony. Stocks and currencies across Asia Ex-Japan also did well against the US Dollar."
"Given this background, I expect the USD-INR pair to start consolidating in an intraday range of 64.70-64.90 today."
"The 10-year benchmark bond yield has retraced a bit after touching a recent high of 7.75 percent. I expect a range between 7.65-7.70 percent for today."
