NEWS / Foreign Exchange

The Dollar appreciated against the majors as better than expected US GDP data

??? The Rupee appreciated over the day as tight liquidity saw call rates jump high and market was seen going short Dollar. The USD/INR pair ended at 43.45 from 43.74 earlier.

??? The 6-month and 1-year forward premium was at 4.40% and 3.67% as compared to 4.05% and 3.46% previously.

??? The Dollar appreciated against the majors as better than expected US GDP data turned the sentiment in favor of the greenback. EUR/USD was at 1.3315 from 1.3351 yesterday and GBP/USD was at 1.9571 from 1.9651 yesterday. USD/JPY was at 118.17 from 117.38 yesterday*.

*These levels are taken at 19:30 IST.