The Dollar continued to be range bound
13:43 2007/03/29

??? The Rupee could not keep yesterday??™s gains as market participants squared their short positions. The USD/INR pair ended at 43.74 from 43.05 earlier.


??? The 6-month and 1-year forward premium was at 4.05% and 3.46% as compared to 5.31% and 4.04% previously.


??? The Dollar continued to be range bound, even though there was some weakening due to a weaker than expected durable goods data. EUR/USD was at 1.3351 from 1.3346 yesterday and GBP/USD was at 1.9651 from 1.9639 yesterday. USD/JPY was at 117.38 from 117.18 yesterday*.


*These levels are taken at 19:30 IST.


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