In the absence of global cues, the rupee has now settled in a new range of 60.80-61.70/dollar. Today, the rupee is expected to trade in a tight range of 61.10-61.35/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
Reduced auction amount and short covering prompted bond markets to ignore the higher CPI data at 7.96 percent as a one-off attributing it to temporary rise in vegetable prices. Bond markets are expecting a lower WPI at 5 percent today. 8.40 GOI 2024 is expected to trade today in a range of 8.53 to 8.57 percent
0 comments:
Post a Comment