Rupee to trade in 64.45-64.70/$ range; bond yield seen at 6.65-6.67%

The Dollar Index has firmed up a bit on the basis of political uncertainties in Europe. The USD-INR pair has been in consolidation mode around 64.50 per dollar pivot. The same trend to continue as USD-INR trades in the 64.45-64.70 per dollar range. Meanwhile, the 10-year benchmark yield has dropped to 6.67 percent from recent highs as inflation concerns dissipate. It is expected to trade within a range of 6.65-6.67 percent range for today.

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