NEWS / Foreign Exchange

The Dollar weakened against the majors as the Dollar sentiment wavered

??? The Rupee appreciated today as market participants sold Dollar but RBI was supporting the greenback under the 80 levels. The USD/INR pair ended at 42.83 from 42.91 earlier.

??? The 6-month and 1-year forward premium was at 5.00% and 4.04% as compared to 5.13% and 4.08% previously.

??? The Dollar weakened against the majors as the Dollar sentiment wavered, wiping off gains made after the strong payroll data. USD/JPY was at 119.18 from 119.28 yesterday. EUR/USD was at 1.3415 from 1.3363 yesterday and GBP/USD was at 1.9737 from 1.9611 yesterday. *

*These levels are taken at 18.00 IST.