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The Swiss franc fell to its lowest levels against the Dollar since August 2007

Thu, Nov 20 2008, 16:11 GMT
by ICICI Bank Treasury Research Group

ICICI Bank


  • The Rupee pared most of its losses, ending weaker, on heavy intervention by RBI. The USD/INR pair ended at 50.19 from 50.01 yesterday. 

  • The 6-month and 1-year forward premium was at 2.45% and 1.74% as compared at 2.48% and 1.80% yesterday. 

  • The Swiss franc fell to its lowest levels against the Dollar since August 2007, after a surprise 100 bps rate cut by SNB. EUR/USD was at 1.253 from 1.2633 yesterday and GBP/USD was at 1.4843 from 1.4961 yesterday. USD/JPY was at 95.64 versus 96.74 yesterday. *

*These levels are taken at 17:30 IST.


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

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