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Rupee seen between 67.85-68.10/USD range: NS Venkatesh

Bonds pared early gains to close lower yesterday mainly due to the SDL auctions which saw a weak response, says NS Venkatesh, IDBI Bank.

February 10, 2016 / 08:53 AM IST

NS Venkatesh, IDBI Bank said, "The rupee closed at 67.90/USD yesterday aided by dollar sales by banks. The market was volatile with the rupee touching intraday levels of 68.20/USD. Volatility is expected even today, and the Rupee will take cues from movement in the equity market. We expect the rupee to trade in a range of 67.85-68.10/USD today."He further said, "Bonds pared early gains to close lower yesterday mainly due to the SDL auctions which saw a weak response. The 10-year benchmark yield is expected to trade in a narrow range of 7.73-7.75% today."

first published: Feb 10, 2016 08:53 am

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