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View Full Version : Sumitomo's Yoshikoshi Sees Rupee Dropping to 45.70 on Oil Costs - Bloomberg



NewsWhore
03-06-2011, 11:20 PM
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Sumitomo&#39;s Yoshikoshi Sees Rupee Dropping to 45.70 on Oil Costs (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHWkFqyllur00Sz4ZV59O3At3BWpw&url=http://www.bloomberg.com/news/2011-03-07/sumitomo-s-yoshikoshi-sees-rupee-dropping-to-45-70-on-oil-costs.html)
Bloomberg
One-month non-deliverable forwards for the currency dropped 0.2 percent to 45.36 per dollar as of 11:32 am in Singapore, according to data compiled by Bloomberg. The contracts reflect bets the rupee will decline 0.6 percent from the spot rate of 45.105 ...

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