The Yen touched a record low against the euro
08:16 2007/04/17

??? The Rupee strengthened considerably today amidst massive Dollar selling by corporates in the Rupee market. The USD/INR pair ended at 41.91 from 42.51 earlier.


??? The 6-month and 1-year forward premium was at 6.45% and 4.83% as compared to 5.95% and 4.57% previously.


??? The Yen touched a record low against the euro and slid to its lowest level versus the Dollar since February as concerns the G7 would address the Japanese currency's weakness failed to materialize, prompting traders to load up on carry trades. USD/JPY was at 119.82 from 118.55 yesterday. EUR/USD was at 1.3545 from 1.3538 yesterday and GBP/USD was at 1.9901 from 1.9866 yesterday. *


*These levels are taken at 22.00 IST.


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