13:58 2007/04/25
The Sterling strengthened further as the GDP growth rate for Q1 2007
??? The Rupee breached the 41 level once again today as investors continued to short Dollar. The USD/INR pair ended at 40.90 from 41.17 earlier.
??? The 6-month and 1-year forward premium was at 6.17% and 4.82% as compared to 5.93% and 4.73% previously.
??? The Sterling strengthened further as the GDP growth rate for Q1 2007 showed the economy to have maintained the strong growth momentum. USD/JPY was at 118.6 from 118.85 yesterday. EUR/USD was at 1.3652 from 1.3581 yesterday and GBP/USD was at 2.0044 from 1.9994 yesterday. *
*These levels are taken at 17.30 IST.
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