The Dollar appreciated against the majors as better than expected US GDP data
13:52 2007/03/30

??? 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.


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