USD-INR to trade in 64.95-65.20 range: Bhaskar Panda


Oct 27, 2017 08:17 AM IST | Source: CNBC-TV18

The 10-year benchmark bond yield is expected to trade within a range of 6.79-6.81 percent today, says Bhaskar Panda of HDFC Bank.

Bhaskar Panda of HDFC Bank said, “The ECB yesterday, extended their bond buying programme by another 9 months. As a result, the euro was hammered and the dollar index surged past 94 levels.”

“This would impact USD-INR today along with other emerging market currencies. I expect a range of 64.95-65.20 to hold for today.”

“The 10-year benchmark bond yield is expected to trade within a range of 6.79-6.81 percent today,” he added.