Mild dollar rally; rupee steady: 01.09.2016
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Auction of new 10-year benchmark tomorrow has made the G-Sec market bullish,
In the backdrop of Jackson Hole speeches, the focus is now on US Non-Farm Payroll data due tomorrow. The odds of a September Fed rate hike has now gone up.
This has resulted in mild dollar rally against major currencies though rupee has been steady. We expect the USD-INR pair to trade in a range of 66.80-67.10/dollar for the day."
"Auction of new 10-year benchmark tomorrow has made the G-Sec market bullish. 'When-issued' market suggests that cut-off can be below 7 percent. We expect the 10-year 7.59 GOI 2026 to trade in a range of 7.10-7.12 percent today."
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In the backdrop of Jackson Hole speeches, the focus is now on US Non-Farm Payroll data due tomorrow. The odds of a September Fed rate hike has now gone up.
This has resulted in mild dollar rally against major currencies though rupee has been steady. We expect the USD-INR pair to trade in a range of 66.80-67.10/dollar for the day."
"Auction of new 10-year benchmark tomorrow has made the G-Sec market bullish. 'When-issued' market suggests that cut-off can be below 7 percent. We expect the 10-year 7.59 GOI 2026 to trade in a range of 7.10-7.12 percent today."
