NEWS / Foreign Exchange

The Dollar stayed range bound as the market awaits the durable sales data to provide direction

??? The Rupee appreciated to a more than 7-year high as market participants continued to sell Dollar while the central bank kept away from supporting the greenback. The USD/INR pair ended at 43.05 from 43.29 earlier.

??? The 6-month and 1-year forward premium was at 5.31% and 4.04% as compared to 5.45% and 4.15% previously.

??? The Dollar stayed range bound as the market awaits the durable sales data to provide direction. EUR/USD was at 1.3346 from 1.3351 yesterday and GBP/USD was at 1.9639 from 1.9657 yesterday. USD/JPY was at 117.18 from 117.81 yesterday*.

*These levels are taken at 19:30 IST.