England dollar rate in india today

The dollar pushed as high as 149.395 yen overnight for the first time since August 1990, before last trading at 149.18 early in Wednesday's Asian session. Traders are on high alert for the Ministry of Finance and Bank of Japan to step into the market again, as the currency pair pushes toward the key psychological barrier at 150. A cross of 145 about a month ago spurred the first yen-buying intervention since 1998. Fiscal uncertainty in Britain is also clouding the outlook for bond markets globally. The dollar index - which measures the currency against six peers including the yen, sterling and euro - edged up to 112.01, after dropping to the lowest since Oct. 6 at 111.76 overnight. It marked a multi-decade peak at 114.78 at the end of September. "We doubt that this is more than a modest pause in the dollar's bull run," said Sean Callow, a currency strategist at Westpac in Sydney, who expects a retest of the peak into November. On the yen, "intervention risk remains present, since the MOF has already crossed the Rubicon (but) its purpose is surely only to limit the scale of speculative positioning rather than driving a sustained reversal," Callow said. "A number as round as 150 will probably take some work to break short-term," but given the BOJ's position as the only developed-market central bank still pursuing a negative interest rate policy, "it's hard to see why the pair wouldn't extend into the 150-155 area," Callow added. Meanwhile, sterling gained 0.27% to $1.1349, r...