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Despite Yen weakened against the Dollar as risk aversion retreated slightly

Mon, Nov 3 2008, 15:27 GMT
by ICICI Bank Treasury Research Group

ICICI Bank


  • • The Rupee gained against the Dollar as equity markets surged following the weekend liquidity infusion measures and on broad Dollar weakness. The USD/INR pair ended at 48.64 from 49.46 on Friday. 

  • • The 6-month and 1-year forward premium was at 2.06% and 1.49% as compared at 2.46% and 1.69% on Friday. 

  • • Despite Yen weakened against the Dollar as risk aversion retreated slightly. EUR/USD was at 1.2844 from 1.2721 on Friday and GBP/USD was at 1.6181 from 1.6172 on Friday. USD/JPY was at 99.174 versus 97.53 on Friday. *

*These levels are taken at 18:00 IST.


ICICI Bank  | ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400051
http://www.icicibank.com | samiran.chakraborty@icicibank.com

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