FX RATES AND USDINR FORWARDS :
Major developments:
USD is now at 83.68. USDINR opened at 83.66. Fwd premia – 1 year fwd premia is at 2.39% p.a.
-Rupee declines to 83.70.
-USDINR fwd premia climbs. 1 Year is now at 2.39% 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 |
| 25-Sep-24 | 83.55 | 111.98 | 93.48 | 58.24 |
-USDINR is at 83.68.Prior day’s close was 83.62.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 6.84%.
-USDINR 1 yr fwd premia is at 2.39%.
USDINR @ 83.68, EUR/USD@ 1.1147, GBP/USD @ 1.3346, USD/JPY @ 143.39, EUR/INR @ 93.27, GBP/INR @ 111.67, JPY/INR @ 57.78. Gold@2662, Brent Crude @ 71.50, Nifty @ 26064(+61), 10 Year G-SEC @ 6.84%.
Hedging:
USDINR receivables can be hedged at 83.75/83.80.
Payables can be covered on dips to 83.45.
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