FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.54. USDINR opened at 83.62. Fwd premia – 1 year fwd premia is at 2.34% p.a.
-Rupee gains to 83.50.
-USDINR fwd premia climbs. 1 Year is now at 2.35% p.a.
-BOE kept rates steady.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 19-Sep-24 | 83.62 | 110.77 | 93.14 | 58.72 |
-USDINR is at 83.54.Prior day’s close was 83.65.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.86%.
-USDINR 1 yr fwd premia is at 2.34%.
USDINR @ 83.54, EUR/USD@ 1.1166, GBP/USD @ 1.3307, USD/JPY @ 142.27, EUR/INR @ 93.27, GBP/INR @ 111.15, JPY/INR @ 58.70. Gold@2594, Brent Crude @ 75, Nifty @ 25701(+288), 10 Year G-SEC @ 6.86%.
Hedging:
USDINR receivables can be hedged at 83.90.
Payables can be covered on dips to 83.60/83.40.
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