Rupee is resilient within broad range of 66-67/USD: 29.09.2016

Rupee is resilient within broad range of 66-67/USD:  29.09.2016

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The 10-year benchmark yield is expected to trade in a range of 6.76-6.79 percent for the day,


Global currency markets are rangebound in the absence of any major triggers. Rupee is resilient within a broad range of 66-67/USD.

We expect the USD-INR pair to trade in a range of 66.25-66.50/dollar for the day."

"Bond market is expecting further monetary easing from RBI. This coupled with FII buying of G-Secs has turned bond market sentiment positive. The 10-year benchmark yield is expected to trade in a range of 6.76-6.79 percent for the day."

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