FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.94. USDINR opened at 83.96. Fwd premia – 1-year fwd premia is at 2.18% p.a.
-US CPI data, Indian CPI, and IIP are important weekly data releases.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 6-Sep-24 | 83.93 | 110.63 | 93.31 | 58.95 |
-USDINR is at 83.94. The prior day’s close was 83.95.
-Indian Equity indices gain marginally.
-Indian 10-year G-SEC yield is at 6.97%.
-USDINR 1 yr fwd premia is at 2.18%.
USDINR @ 83.94, EUR/USD@ 1.1075, GBP/USD @ 1.3118, USD/JPY @ 142.97, EUR/INR @ 92.96, GBP/INR @ 110.12, JPY/INR @ 58.71. Gold@2498, Brent Crude @ 72, Nifty @ 24832(-20), 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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