Expect USD-INR to trade in 66.75-67/USD range: Mohan Shenoi

Mohan Shenoi, Kotak Mahindra Bank said, "With upcoming US elections, Fed rate hike on November 2 looks unlikely. However, dollar continues to strengthen on the back of expectations of Fed rate hike in December. The Rupee has been resilient in a range on the back of exporter selling. We expect the USD-INR to trade in a range of 66.75-67 for the day."He further said, "Higher US Treasury is leading to hardening of yields in local G-sec market. We expect the 10-year benchmark yield to trade in the range of 6.75-6.79 percent for the day."