FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.97. USDINR opened at 83.97. Fwd premia – 1 year fwd premia is at 2.21% p.a.
-US Core CPI rose 0.3% m/m, higher than expected.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 11-Sep-24 | 83.95 | 109.85 | 92.71 | 59.38 |
-USDINR is at 83.97.Prior day’s close was 83.98.
-Indian Equity indices gain marginally.
-Indian 10 year G-SEC yield is at 6.95%.
-USDINR 1 yr fwd premia is at 2.21%.
USDINR @ 83.98, EUR/USD@ 1.1022, GBP/USD @ 1.3054, USD/JPY @ 142.84, EUR/INR @ 92.56, GBP/INR @ 109.63, JPY/INR @ 58.79. Gold@2519, Brent Crude @ 71.45, Nifty @ 24966(+48), 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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