FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.54. USDINR opened at 83.59. Fwd premia – 1 year fwd premia is at 2.37% p.a.
-Rupee climbs to 83.52.
-USDINR fwd premia climbs. 1 Year is now at 2.37% 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 |
| 24-Sep-24 | 83.63 | 111.53 | 92.89 | 57.96 |
-USDINR is at 83.54.Prior day’s close was 83.67.
-Indian Equity indices trade flat.
-Indian 10 year G-SEC yield is at 6.86%.
-USDINR 1 yr fwd premia is at 2.37%.
USDINR @ 83.54, EUR/USD@ 1.1193, GBP/USD @ 1.3409, USD/JPY @ 143.39, EUR/INR @ 93.50, GBP/INR @ 112.01, JPY/INR @ 58.27. Gold@2656, Brent Crude @ 74.20, Nifty @ 25925(-14), 10 Year G-SEC @ 6.86%.
Hedging:
USDINR receivables can be hedged at 83.75/83.80.
Payables can be covered on dips to 83.45.
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