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Rupee to trade between 65.05-65.25, says Bhaskar Panda

Rakesh Patil
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Chandigarh Municipal Corporation proposes to hand over Rs 110-crore work to Union Territory

While the administration has provided an aid of Rs 267 crore, the corporation is still short by Rs 54 crore just to pay salaries, pensions, utility bills, etc.

Bhaskar Panda of HDFC Bank said, "The dollar index had rallied past the 90 mark ahead of US non-farm payroll numbers today. I expect the USD-INR to open a little higher today and trade in a range of 65.05-65.25 for the day."

He further added, "The 10-year benchmark bond yield has started re-aligning to reality after touching a recent high. I expect the yield to trade within a range of 7.64-7.68 percent today."

The dollar index strengthened versus major currencies, while the euro falls as Mario Draghi raises caution on inflation, protectionism.