Ashutosh Raina of HDFC Bank said, "The USD-INR pair continues to consolidate in a very narrow band, with the dollar index rising from recent lows and the dollar gaining against most other currencies."
He further added, "We expect the pair to continue trading in the 64.40-64.70/dollar range today."
"Notwithstanding the dovish MPC minutes, the bonds saw a bout of profit booking with the 10-year benchmark bond yield closing at 6.45 percent. We expect the yield to trade in the 6.43-6.48 percent range today," he said.
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