The Yen advanced amid speculation that the Bank of Japan may raise rates
13:23 2007/04/19

The Rupee ended a little lower due to strong Dollar demand from importers. The USD/INR pair ended at 42.08 from 42.01 earlier.


??? The 6-month and 1-year forward premium was at 6.10% and 4.68% as compared to 6.28% and 4.78% previously.


??? The Yen advanced amid speculation that the Bank of Japan may raise rates after Japanese service industries expanded by more than what was forecast. USD/JPY was at 117.89 from 118.37 yesterday. EUR/USD was at 1.3594 from 1.3593 yesterday and GBP/USD was at 2.0017 from 2.0071 yesterday. *


*These levels are taken at 18.30 IST.


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