Thursday, 8 June 2017

Rupee seen in range of 64.20-64.55/$, bond yield to trade at 6.52-6.57%

The rupee closed marginally stronger in previous session (9 paise higher) on the back of inflows and dovish monetary policy. However global markets are expected to be cautious today in view of the ECB meeting, UK elections and Comey testimony, according to him. The rupee to trade in range of 64.20-64.55 against the US dollar. On bond yield, he said lowering of inflation forecast followed by dovish statement by the RBI has made the bond market bullish. Lower Brent crude prices and continued FII flows are likely to push yields further down. Now watch every updates regarding Share and Stock market just with a simple click here: - http://www.ripplesadvisory.com/nifty-future-.php

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