• The Rupee fell below the 40 mark once again on account of capital outflows as the domestic stock market remained weak post the Union Budget. The USD/INR pair ended at 40.01 from 39.87 yesterday. • The 6-month and 1 year forward premium was at 0.22% and 0.48% as compared to 0.22% and 0.50% yesterday. • The Yen rose to a 3-year high against the dollar as rising levels of risk aversion, financial market stress and a gloomy outlook for the U.S economy led investors to unwind their carry
Author:
Time:
Friday, February 29th, 2008 at 6:19 pm
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
