FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.80. USDINR opened at 83.80. Fwd premia – 1 year fwd premia is at 2.39% p.a.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 30-Sep-24 | 83.79 | 112.16 | 93.53 | 59.12 |
-USDINR is at 83.80.Prior day’s close was 83.79.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 6.87%.
-USDINR 1 yr fwd premia is at 2.39%.
USDINR @ 83.80, EUR/USD@ 1.1141, GBP/USD @ 1.3380, USD/JPY @ 144.25, EUR/INR @ 93.36, GBP/INR @ 112.12, JPY/INR @ 58.09. Gold@2643, Brent Crude @ 72, Nifty @ 25756(-51), 10 Year G-SEC @ 6.87%.
Hedging:
USDINR receivables can be hedged at 83.82.
Payables can be covered on dips to 83.45.
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