Wed, Jan 7 2009, 15:42 GMT
by ICICI Bank Treasury Research Group
• The Rupee weakened on sharply negative equity market cues. The USD/INR pair ended at 48.80 from 48.66 yesterday.
• The 6-month and 1-year forward premium was at 2.29% and 1.79% as compared at 2.26% and 1.74% yesterday
• The Dollar fell after the ADP employment report depicted further steep job losses in the US economy in December. EUR/USD was at 1.3653 from 1.3340 yesterday and GBP/USD was at 1.5101 from 1.4593 yesterday. USD/JPY was at 93 versus 94.14 yesterday. *
*These levels are taken at 17:30 IST.
Published on Wed, Jan 7 2009, 15:45 GMT
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