Tuesday, December 21, 2010

Rupee may inch up on recovery in global mkts: Alpari India

Pramit Brahmbhatt of Alpari India feels that the rupee may inch higher on recovery in global equity markets.

\"Strength in domestic equity market will also support the currency. The range for the day is seen between 45.40 - 45.70/USD,\" he said.

On bond outlook, Ramanathan K of ING Investment said, \"The bond market is likely to be weak on higher GDP numbers, lower than expected measures to ease liquidity and the impending Govt auction. However any measure to reduce the cash reserve ratio could result in positive sentiment across the bond market. The 10-year yield is seen between 8.05-8.15%.\"

News From: http://www.7StarNews.com

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