Rupee may open higher, 10-year bond yield to trade between 6.92-6.95%: Bhaskar Panda

Bhaskar Panda of HDFC Bank said, “The concerns over the final shape of US tax reforms weighed on the dollar index. It may have temporary impact on emerging markets.”

“As far as USD-INR goes, the pair might open higher and trade in a range of 64.90-65.10 for today.”

“The 10-year benchmark bond yield is inching up towards the 7 percent mark. For today, it may trade within a range of 6.92-6.95 percent,” he added.