FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.95. USDINR opened at 83.97. Fwd premia – 1 year fwd premia is at 2.23% p.a.
-US CPI data, Indian CPI, IIP are important data releases for the week.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
10-Sep-24 | 83.975 | 109.89 | 92.71 | 58.6 |
-USDINR is at 83.95.Prior day’s close was 83.93.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 6.95%.
-USDINR 1 yr fwd premia is at 2.23%.
USDINR @ 83.95, EUR/USD@ 1.1052, GBP/USD @ 1.3096, USD/JPY @ 141.45, EUR/INR @ 92.78, GBP/INR @ 109.92, JPY/INR @ 59.35. Gold@2527, Brent Crude @ 70.35, Nifty @ 25059(+18), 10 Year G-SEC @ 6.95%.
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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