NEWS / Foreign Exchange

The Yen gained against the euro after Standard and Poor??™s increased Japan??™s debt rating to AA

??? The Rupee touched a fresh nine-year high on the back of capital inflows. The USD/INR pair ended at 41.68 from 41.76 earlier.

??? The 6-month and 1-year forward premium was at 6.7% and 5.02% as compared to 6.49% and 4.91% previously.

??? The Yen gained against the euro after Standard and Poor??™s increased Japan??™s debt rating to AA thereby improving the appeal of assets denominated in Yen. USD/JPY was at 118.7 from 117.89 on Friday. EUR/USD was at 1.3558 from 1.3594 on Friday and GBP/USD was at 1.9997 from 2.0017 on Friday. *

*These levels are taken at 20:15 IST.