NEWS / Foreign Exchange

The British pound touched $2 after almost 15 years

??? The Rupee weakened slightly today. The USD/INR pair ended at 41.98 from 41.91 earlier.

??? The 6-month and 1-year forward premium was at 6.21% and 4.68% as compared to 6.45% and 4.83% previously.

??? The British pound touched $2 after almost 15 years after inflation numbers showed a higher than expected figure. USD/JPY was at 119.4 from 119.74 yesterday. EUR/USD was at 1.3548 from 1.3535 yesterday and GBP/USD was at 2.0022 from 1.9898 yesterday. *

*These levels are taken at 17.30 IST.