Ashutosh Raina, HDFC Bank said, "The dollar index has again started moving higher after recent comments from Fed officials about likely beginning of the rate hike cycle later this year. The market will be keenly watching the US data for further clues. The Rupee continues to trade in the 63.50-64.00/USD range with intervention capping any further gains. Expect the pair to trade in 63.30-63.80/USD range today."
He further added, "The 10-year bond yields are trading in 7.80-7.90% range, with rate cut hopes in the upcoming policy keeping bonds well bid."
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