USD-INR pair continues to rally: 27.09.2016

USD-INR pair continues to rally: 27.09.2016

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The possibility of a rate cut has increased with the market keenly awaiting the upcoming monetary policy

The USD-INR pair continues to rally on the back of strong FII and FDI flows and some spectrum auction related inflows, with overall dollar weakness also helping. We expect the pair to trade in 66.50-67/USD range."

 "The possibility of a rate cut has increased with the market keenly awaiting the upcoming monetary policy. We expect the 10-year benchmark yield to trade in the 6.90-6.95 percent in the near term.

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