FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.27. USDINR opened at 83.26. Fwd premia – 1 year fwd premia is at 1.60% p.a.
-Indian Equity indices climb marginally.
-Focus is on ECB and Fed Chief’s speeches.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EUR | 100 YEN |
| 7-Nov-23 | 83.26 | 102.64 | 89.14 | 55.37 |
-USDINR is at 83.27.Prior day’s close was 83.26.
-Indian Equity indices climb marginally.
-Indian 10 year G-SEC yield is at 7.27%.
-USDINR 1 yr fwd premia is at 1.60%.
USDINR @ 83.27, EUR/USD@ 1.0687, GBP/USD @ 1.2277, USD/JPY @ 150.62, EUR/INR @ 88.98, GBP/INR @ 102.21, JPY/INR @ 55.28. Gold@1965, Brent Crude @ 81.50, Nifty @ 19426(+19), 10 Year G-SEC @ 7.27%.
Hedging:
USDINR payables can be hedged on dipes to 83.10 . Eur receivables can be hedged now and on rally 89.70/90.10. GBPINR
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