NEWS / Foreign Exchange

The Dollar appreciated against the Yen as housing data last week

??? The Rupee appreciated today with market participants going Dollar short in spot, anticipating a tight liquidity situation in the coming days. The USD/INR pair ended at 43.29 from 43.57 earlier.

??? The 6-month and 1-year forward premium was at 3.97% and 4.15% as compared to 3.97% and 3.37% previously.

??? The Dollar appreciated against the Yen as housing data last week cooled expectations of a rate cut any time soon. EUR/USD was at 1.327 from 1.3322 on Friday and GBP/USD was at 1.9613 from 1.9659 on Friday. USD/JPY was at 118.32 from 117.68 on Friday*.

*These levels are taken at 19:30 IST.