NEWS / Foreign Exchange

The Yen weakened today as the market awaits the CPI data

??? The Rupee market saw some buying today due to month end demand and NFF calculations, which enabled the Rupee to close near yesterday??™s level. The USD/INR pair ended at 40.90 from 40.90 earlier.

??? The 6-month and 1-year forward premium was at 6.55% and 5.00% as compared to 6.17% and 4.82% previously.

??? The Yen weakened today as the market awaits the CPI data that is likely to strengthen the view that BoJ will wait longer before raising rates. USD/JPY was at 119.37 from 118.6 yesterday. EUR/USD was at 1.3609 from 1.3652 yesterday and GBP/USD was at 1.9943 from 2.0044 yesterday. *

*These levels are taken at 17.30 IST.