NEWS / Foreign Exchange

The Yen gained after the Reserve Bank of New Zealand sold its currency to stem the rally

??? The Rupee appreciated mainly on account of strong flows. The USD/INR pair ended at 40.8 from 41.13 earlier.

??? The 6-month and 1-year forward premium was at 2.64% and 2.69% as compared to 2.14% and 2.37% previously.

??? The Yen gained after the Reserve Bank of New Zealand sold its currency to stem the rally. EUR/USD was at 1.3358 from 1.3338 yesterday and GBP/USD was at 1.9687 from 1.9646 yesterday. JPY/USD was at 121.72 from 121.62 on Friday. *

*These levels are taken at 17.30 IST.