Rupee to trade in range 66.25-66.50/$ : 08.09.2016 08.50Am

Rupee to trade in range 66.25-66.50/$ : 08.09.2016 08.50Am

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 The new 10-year benchmark yield is expected to trade in the range of 6.81-6.84% for the day,

Modest data emanating from US was putting pressure on dollar as markets re-think a potential September rate hike.

 Emerging markets currencies particularly rupee have gained against dollar.

The USD-INR is expected to trade in a range of Rs 66.25-66.50 per US dollar for the day.

 On bond, announcement of open market operations purchases by RBI despite surplus liquidity in money markets has made bond markets bullish.

The new 10-year benchmark has outperformed all other securities across the G-Sec yield curve.

 The new 10-year benchmark yield is expected to trade in the range of 6.81-6.84 percent for the day,

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