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0.000215854514057406 0.000485672656629258 -5.39636285144473E-05 -0.0003237817710863 -0.00706923533538396 -0.00949759861853121 -0.00706923533538396 -0.00598996276509636
Stock impact report

Rupee rallies, premiums and volatility expectations fall after Iran ceasefire; RBI eyed [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
expectations fell on ?the back of a plunge in oil prices and upbeat ?risk appetite following the Middle East ceasefire. The rupee was trading at 92.62 per U.S. dollar at ?9:40 a.m. IST, up from 93.0075 on Tuesday. The one-year implied rate on the dollar/rupee forward fell 24 basis points to 3.08%, extending its decline to nearly 90 bps from Monday's multi-year high. Meanwhile, one-week volatility expectations dropped to about ?8%, after spiking to ?over 12% earlier this week. The agreement between Iran and the United States on a two-week ceasefire triggered a near 14% ?drop in Brent crude prices, providing relief to the rupee and other Asian currencies. Israel backed the two-week pause on Iran strikes. The ceasefire helped revive investor appetite ?for ?risk assets, lifting U.S. equity futures by ?about 2.5%, while Indian equities ?jumped 3.6%. The ceasefire will be a major relief for markets, which over the past several weeks have had to contend with uncertainty over how lo Show less Read more
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