Ripples Advisory Private Limited, Indore @9303093093
The rally in USD-INR pair continues on the back of global risk-on sentiment, even though dollar index has moved higher to 100.65 from recent lows. According to the Ripples Advisory Private Limited, Indore expected the pair to trade in the 66.60-67/USD range for today. The hawkish hold by RBI in the recent credit policy led to massive sell off in bonds with 10-year yields settling at 6.85 percent. Expect the 10-year yields to trade in 6.80-6.90 percent range today.
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The rally in USD-INR pair continues on the back of global risk-on sentiment, even though dollar index has moved higher to 100.65 from recent lows. According to the Ripples Advisory Private Limited, Indore expected the pair to trade in the 66.60-67/USD range for today. The hawkish hold by RBI in the recent credit policy led to massive sell off in bonds with 10-year yields settling at 6.85 percent. Expect the 10-year yields to trade in 6.80-6.90 percent range today.
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