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The Yen fell as risk aversion cools off with governments' injection of liquidity into the financial system

Mon, Oct 20 2008, 15:50 GMT
by ICICI Bank Treasury Research Group

ICICI Bank


  • • The Rupee trimmed its intraday gains due to continued selling pressure in stock markets from foreign investors. The USD/INR pair ended at 48.99 from 48.88 on Friday. 

  • • The 6-month and 1-year forward premium was at 0.48% and 0.43% as compared at 0.74% and 0.61% yesterday.

  • • The Yen fell as risk aversion cools off with governments’ injection of liquidity into the financial system. EUR/USD was at 1.3431 from 1.3441 on Friday and GBP/USD was at 1.7383 from 1.7313 on Friday. USD/JPY was at 101.56 versus 100.94 on Friday. *

*These levels are taken at 18:20 IST.

Published on  Mon, Oct 20 2008, 15:52 GMT


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