Alan’s Forex Blog

• The Rupee ended up against the Dollar as it tracked the domestic stock market. The USD/INR pair ended at 40.45 from 40.48 yesterday. • The 6- month and 1-year forward premium was at a 0.79% and 0.78% as compared to 0.77% and 0.78% yesterday. • The Euro rose to a record high against the greenback following comments by ECB Webber indicating no possibility of a rate cut by ECB and better than expected data from the Euro zone. However, later on the announcement of coordinated central bank action

• The Rupee ended weaker today as rising levels of global risk aversion led to a capital outflow. Dollar demand by importers further added to the downward pressure on the currency. The USD/INR pair ended at 40.53 from 40.30 on Wednesday • The 6- month forward rate was at a 0.33% premium as compared to 0.14% discount on Wednesday while the 1-year forward rate was at 0.48% premium from 0.23% on Wednesday • The Dollar continued with its free fall against most major currencies, on expectations of

• The Rupee ending steady, after remaining largely range bound taking its cues from the domestic equity market. The USD/INR pair ended at 40.30 from 40.31 yesterday. • The 6- month forward rate was at a discount at 0.14% as compared to 0.36% yesterday while the 1-year forward rate was at 0.23% premium from 0.11% yesterday. • The Dollar rose against most majors today helped by the verbal intervention from Japan and Europe on the excessive movements in the foreign exchange market. EUR/USD was at

• The Rupee ended slightly stronger helped by the overall negative global dollar sentiment. The USD/INR pair ended at 40.31 from 40.39 yesterday. • The 6- month forward rate was at a discount at 0.36% as compared to 0.42% yesterday while the 1-year forward rate was at 0.11% premium same as yesterday. • The Dollar traded near record lows against most majors as data indicated that manufacturing had contracted in the U.S in February causing concerns over the health of the U.S economy. EUR/USD was

• The Rupee depreciated by close to 1%, falling to a five month low against the greenback, as elevated levels of global risk aversion led to a sharp fall in the domestic stock market stoking fears of a capital outflow. The USD/INR pair ended at 40.39 from 40.01 on Friday. • The 6- month forward rate was at a discount at 0.42% as compared to 0.22% on Friday while the 1-year forward rate was at 0.11% premium from 0.48% on Friday. • The Yen fell below 103 as rising levels of risk aversion led to

• 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

• The Rupee ended weaker today as month end dollar demand by importers along with lack of inflows led to expectation of cash dollar shortage forcing traders to buy dollars. The USD/INR pair ended at 39.87 from 39.75 yesterday. • The 6-month and 1 year forward premium was at 0.22% and 0.50% as compared to 0.20% and 0.48% yesterday. • The Euro came off slightly from the 1.51 levels it was trading at post Fed Chairman Bernankes’ testimony yesterday which signaled more aggressive rate cuts by the

• The Rupee appreciated today, though erasing some of its gains earlier on in the day, as it tracked the movement of the local equity markets. The USD/INR pair ended at 39.75 from 39.91 yesterday. • The 6-month and 1-year forward premium was at 0.20% and 0.48% as compared to 0.79% and 0.77% yesterday. • The Euro held on to its gains made against the dollar late yesterday after weak consumer confidence data along with comments by Fed had pushed the currency above the psychological 1.50 level on