Daily Market Report: Forex
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The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25%
Thu, Apr 5 2007, 14:48 GMT
by ICICI Bank Treasury Research Group
ICICI Bank
• The Rupee market saw limited activity today but the sentiment stayed low on Dollar that helped Rupee close lower than yesterday. The USD/INR pair ended at 42.92 from 43.06 earlier.
• The 6-month and 1-year forward premium was at 5.41% and 4.27% as compared to 5.11% and 4.11% previously.
• The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25% in the MPC meeting today. USD/JPY was at 118.85 from 118.73 yesterday. EUR/USD was at 1.3376 from 1.3368 yesterday and GBP/USD was at 1.9702 from 1.9753 yesterday. *
*These levels are taken at 18.00 IST.
Published on
Thu, Apr 5 2007, 14:51 GMT
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