USD strengthening against most currencies: 06.10.2016

USD strengthening against most currencies: 06.10.2016

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USD-INR trading range for the day seen between 66.40-66.65/USD


Dollar has been strengthening this week against most currencies with rising expectations of a Fed rate hike in December. Rupee, however, has been resilient in a range. USD-INR trading range for the day seen between 66.40-66.65/USD." "Monetary Policy stance of RBI now seems to be tilted towards growth. The bond market is reflecting this change in stance. 10-year benchmark 6.97 GOI 2026 is expected to trade in a range of 6.65-6.70 percent today."

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