Dollar losses

• The Rupee ended stronger against the Dollar due to the continuing recovery of the Indian stock market. However, its appreciation was limited as the lower oil prices led to import demand. USD/INR pair ended at 42.76 from 42.82 yesterday. • The 6- month and 1-year forward premium was at a 5.09 % and 4.29% as compared to 4.78% and 4.14% yesterday. • The Dollar pared its losses against most major currencies following the better than expected quarterly results posted by Citi Group. EUR/USD was at
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