The Yen weakened today as the market awaits the CPI data
13:48 2007/04/26

??? 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.


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