N Subramaniam of Pinnacle Forex says the rupee may remain sideways today.
\"The currency is likely to find support from local equity markets while the weakness in euro and high crude prices may cap gains. The range for the day is seen between 45.20-45.60/USD,\" he said.
On bond outlook, Ramanathan K of ING Investment Management said, \"The bond market will be driven by the buyback of the benchmark bond. The market is expected to be flattish since most of the rally has already happened after the buyback announcement. The 10-year yield is seen between 7.90- 8%.\"
News From: http://www.7StarNews.com
Wednesday, December 22, 2010
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