Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

USD-INR to trade in 66.60-66.90 range: Ashutosh Raina

We expect the USD-INR pair to trade in a range of 66.60-66.90/dollar today, says Ashutosh Raina of HDFC Bank.

March 10, 2017 / 09:20 AM IST

Ashutosh Raina of HDFC Bank said, "In the run up to the March FOMC next week, the probability of Fed hiking rates has gone up substantially. While the rupee continues to gain on the back of sustained portfolio inflows, depreciation is likely as the dollar continues to gain.""We expect the USD-INR pair to trade in a range of 66.60-66.90/dollar today," he added."The bonds, after the brief short covering rally, have corrected from recent highs with the 10-year bond yields hovering around 6.85 percent. We expect bond yields to trade sideways in the run up to the state election results and upcoming FOMC meet," he said.

first published: Mar 10, 2017 09:20 am

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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347