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Expect USD-INR to trade between 63.80-64.30

"The positive risk tone after the first round of French elections, appears to be taking a breather, after the mostly anticipated US tax cut plans and somewhat dovish ECB." "The USD-INR pair after briefly trading below 64, has seen some strong intervention and settled above that level. We expect the pair to trade in a range of 63.80-64.30/dollar today". "The bond yields have been consolidating around current levels, with the 10-year yield trading around 6.95 percent ahead of the scheduled auction today. We expect the 10-year yield to trade in a range of 6.93-6.96 percent today,"

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