Tuesday: Favourable US data and expectations from Fed helped US dollar recover a bit and move above 94. The USD-INR pair has been boxed in a narrow range for some time now and I don't see that breaking at the moment says Bhaskar Panda of HDFC Bank.
He added, "I expect the USD-INR pair to remain within the 64.30-64.45 range for today."
"The 10-year benchmark bond yield is expected to trade within the 6.40-6.42 percent range. I don't see a major movement before the RBI policy," he added.
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