FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.97. USDINR opened at 83.965. Fwd premia – 1 year fwd premia is at 2.15% p.a.
-US ISM (services) data and jobs data awaited.
-US markets are nervous ahead of Jobs data.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 4-Sep-24 | 83.97 | 110.07 | 92.79 | 57.82 |
-USDINR is at 83.97.Prior day’s close was 83.98.
-Indian Equity indices decline marginally.
-Indian 10 year G-SEC yield is at 6.97%.
-USDINR 1 yr fwd premia is at 2.15%.
USDINR @ 83.97, EUR/USD@ 1.1082, GBP/USD @ 1.3152, USD/JPY @ 143.38, EUR/INR @ 93.05, GBP/INR @ 110.44, JPY/INR @ 58.56. Gold@2502, Brent Crude @ 73, Nifty @ 25180(-17), 10 Year G-SEC @ 6.97%.
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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