NEWS / Foreign Exchange

The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25%

??? The Rupee market saw limited activity today but the sentiment stayed low on Dollar that helped Rupee close lower than yesterday. The USD/INR pair ended at 42.92 from 43.06 earlier.

??? The 6-month and 1-year forward premium was at 5.41% and 4.27% as compared to 5.11% and 4.11% previously.

??? The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25% in the MPC meeting today. USD/JPY was at 118.85 from 118.73 yesterday. EUR/USD was at 1.3376 from 1.3368 yesterday and GBP/USD was at 1.9702 from 1.9753 yesterday. *

*These levels are taken at 18.00 IST.