Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessMarkets

USD-INR trading range seen between 67.10-67.40/USD: Shenoi

Rally in India G-sec market continues as banks elongate duration, says Mohan Shenoi, Kotak Mahindra Bank.

July 21, 2016 / 08:56 AM IST

Mohan Shenoi, Kotak Mahindra Bank said, "The dollar has strengthened across the board due to improved US labour data with US unemployment rate falling below 5 percent. ECB rate setting meeting later today will be the main focus. The USD-INR trading range for the day is seen between 67.10-67.40/USD."He further said, "Rally in India G-sec market continues as banks elongate duration. While the 10-year benchmark is in a range, longs beyond 10-year have seen a rally. The 10-year benchmark yield is expected to trade in a range of 7.25-7.28 percent today."

first published: Jul 21, 2016 08:56 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