??? The Rupee depreciated today as market saw interbank buying, along with corporates who also bought the Dollar. The USD/INR pair ended at 41.09 from 40.90 earlier.

??? The 6-month and 1-year forward premium was at 6.80% and 5.12% as compared to 6.55% and 5.00% previously.

??? The Dollar depreciated against the majors ahead of the Q1 annualized GDP advance estimate that is likely build market expectations of a rate cut. USD/JPY was at 119.32 from 119.37 yesterday. EUR/USD was at 1.3645 from 1. 3609 yesterday and GBP/USD was at 2.00 from 1.9943 yesterday. *

*These levels are taken at 17.30 IST.