FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.51. USDINR opened at 83.45. Fwd premia – 1 year fwd premia is at 2.34% p.a.
-Rupee gains to 83.45.
-USDINR fwd premia climbs. 1 Year is now at 2.35% p.a.
-US Core PCE Index is the important data release for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 20-Sep-24 | 83.49 | 111.23 | 93.28 | 58.83 |
-USDINR is at 83.51.Prior day’s close was 83.55.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.88%.
-USDINR 1 yr fwd premia is at 2.34%.
USDINR @ 83.51, EUR/USD@ 1.1162, GBP/USD @ 1.3314, USD/JPY @ 144.11, EUR/INR @ 93.21, GBP/INR @ 111.18, JPY/INR @ 57.95. Gold@2629, Brent Crude @ 74.25, Nifty @ 25865(+75), 10 Year G-SEC @ 6.88%.
Hedging:
USDINR receivables can be hedged at 83.90.
Payables can be covered on dips to 83.40.
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