• By Goodwill
  • 686 Comments
  • December 28, 2023

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.28. USDINR opened at 83.27. Fwd premia – 1 year fwd premia is at 1.78% p.a.
 
– No major developments expected this week. Market is expected to be thin. 
 
USDINR outlook: Exporters can hedge and importers can wait to hedge at  around 82.80 zone.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
27-Dec-23 83.22 106.08 92.01 58.41
 
-USDINR is at 83.28.Prior day’s close was 83.33.
 
-Indian Equity indices climb.
 
-Indian 10 year G-SEC yield is at 7.20%.
 
-USDINR 1 yr fwd premia is at 1.78%.
 
USDINR @ 83.28, EUR/USD@ 1.1116, GBP/USD @ 1.2815, USD/JPY @ 141.28, EUR/INR @ 92.58, GBP/INR @ 106.73, JPY/INR @ 58.95. Gold@2086, Brent Crude @ 79.50, Nifty @ 21707(+52), 10 Year G-SEC @ 7.20%.
 
Hedging:
USDINR payables can be hedged on dips to 83.27/83.30 . 
Eur receivables can be hedged now 
GBPINR receivables can be hedged now.
 
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For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999
 
 

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