Wednesday 23 July 2014
In
the absence of any major triggers and with RBI absorbing FII inflows, the rupee
is expected to trade in a narrow range of 60-60.25/USD today." "The
new 10 year paper to be auctioned tomorrow is likely to be in a range of
8.35-8.40 percent. The re-allocation of USD 5 billion FII investment limit
without lock-in has made short end of bonds bullish. Current benchmark bond
will be off-the-run paper from tomorrow and is expected to trade today in a
narrow range of 8.62-8.65 percent," he added.
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