FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.96. USDINR opened at 83.965. Fwd premia – 1 year fwd premia is at 2.13% p.a.
– Oil prices slumped on expected boost to production.
-US ISM (mfrg) remained in contraction mode.
-US markets are nervous ahead of Jobs data.
-US Equity indices slump, led by tech stocks
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 3-Sep-24 | 83.95 | 110.09 | 92.8 | 57.44 |
-USDINR is at 83.96.Prior day’s close was 83.96.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.98%.
-USDINR 1 yr fwd premia is at 2.13%.
USDINR @ 83.96, EUR/USD@ 1.1058, GBP/USD @ 1.3117, USD/JPY @ 145.11, EUR/INR @ 92.82, GBP/INR @ 110.12, JPY/INR @ 57.85. Gold@2495, Brent Crude @ 73.35, Nifty @ 25103(-75), 10 Year G-SEC @ 6.98%.
Hedging:
USDINR receivables can be hedged at 84.20/84.30.
Payables can be covered on dips to 83.75/83.65.
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