Ashutosh Raina of HDFC Bank said, "The year-end markets are very low on liquidity and continue to trade in a tight range with the dollar index hovering around 103 levels."He further added, "The rupee continues to trade in a very narrow range despite of continued portfolio outflows. Expect the rupee to continue trading in 67.50-68/dollar range with a depreciating bias.""Bonds have also sold off from recent highs. Expect the yield on the 10-year bond to trade in a range of 6.50-6.55 percent in the near term," he said.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!