The Sterling fell to record lows against most majors
The Rupee weakened today because of weak equity market cues and NDF arbitrage. The fall was however restricted by central bank sale of Dollars around the key 44.25 levels. The USD/INR pair ended at 44.17 from 43.93 on Friday. The 6 - month and 1-year forward premium was at 2.84% and 2.58 % as compared at 3.36% and 2.86 % on Friday. The Sterling fell to record lows against most majors after British mortgage approvals fell for the 12th straight month and manufacturing sector contracted for...
9/1/2008 2:46:02 PM
FXstreet.com: Fundamental: Fundamental Market View
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