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13:43 2007/06/19

NEWS / Foreign Exchange

The Dollar weakness persisted today as it suffers due to falling US yields

??? The Rupee weakened today due to Oil cos Dollar demand, short covering and probable RBI intervention. The USD/INR pair ended at 40.81 from 40.76 earlier.

??? The 6-month and 1-year forward premium was at 2.82% and 2.75% as compared to 2.94% and 2.82% previously.

??? The Dollar weakness persisted today as it suffers due to falling US yields. EUR/USD was at 1.341 from 1.3408 yesterday and GBP/USD was at 1.9872 from 1.9821 yesterday. JPY/USD was at 123.49 from 123.42 yesterday. *

*These levels are taken at 17.30 IST.