Wednesday, 7 December 2016

Rupee will trade between 67.75-68.15/USD

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The rupee gained considerably against the USD yesterday on account of dollar selling by exporters and custodial banks. A deeper than expected rate cut may take the rupee lower today. In case the RBI policy meets street expectations, the rupee will trade in a range of 67.75-68.15/USD. The 10-year benchmark bond yield will take cues from the RBI action today and is likely to trade between a range of 6.15-6.22 percent today.

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