FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.57. USDINR opened at 83.54. Fwd premia – 1 year fwd premia is at 2.34% p.a.
-Rupee trades steady.
-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 |
| 23-Sep-24 | 83.51 | 111.2 | 93.2 | 57.94 |
-USDINR is at 83.57.Prior day’s close was 83.55.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.87%.
-USDINR 1 yr fwd premia is at 2.34%.
USDINR @ 83.57, EUR/USD@ 1.1115, GBP/USD @ 1.3361, USD/JPY @ 143.99, EUR/INR @ 92.90, GBP/INR @ 111.67, JPY/INR @ 58.03. Gold@2636, Brent Crude @ 74, Nifty @ 25966(+28), 10 Year G-SEC @ 6.87%.
Hedging:
USDINR receivables can be hedged at 83.75/83.80.
Payables can be covered on dips to 83.45.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999