The Dollar weakened against the majors as the Dollar sentiment wavered
14:31 2007/04/10

??? 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.


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