The Euro depreciated against most major currencies
? The Rupee fell to its lowest since February 2003 as equity markets plummeted and NDF arbitrage opportunities led to Dollar demand in the domestic spot market. The USD/INR pair ended at 47.82 from 47.07 on Friday. ? The 6-month and 1-year forward premium was at -0.35% and 0.12% as compared at 0.44% and 0.57% on Friday. ? The Euro depreciated against most major currencies after the unsuccessful attempt to formulate a coordinated bail out plan for European banks. The Yen gained as carry
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10/6/2008 4:56:00 PM
FXstreet.com: Fundamental: Fundamental Market View
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