USD-INR to trade between 64.80-65.10: Mohan Shenoi

Mohan Shenoi of Kotak Mahindra Bank said, “Dollar consolidates on the back of positive US data. Market now awaits details of the Trump tax plan.”

“The rupee is rangebound with both buy and sell side flows. We expect the USD-INR to trade in a range of 64.80-65.10 for the day.”

“Rising crude oil prices, fiscal worries and continued OMOs has turned bond market bearish. We expect the 10-year benchmark bond yield to trade in a range of 6.92-6.96 percent for the day, “he added.