FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.34. USDINR opened at 83.23. Fwd premia – 1 year fwd premia is at 1.57% p.a.
-RBI took delivery of USD 5 bn swap, creating USD shortage. Month end USD payments also weighed down on Rupee. Rupee has retraced to 83.33 from last week close of 83.67.
-US Core PCE index is the key event for the week.
RBI rates
| Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
| 22-Mar-24 | 83.35 | 105.25 | 90.26 | 55.05 |
-USDINR is at 83.34.Prior day’s close was 83.67.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.09%.
-USDINR 1 yr fwd premia is at 1.57.%.
USDINR @ 83.34, EUR/USD@ 1.0846, GBP/USD @ 1.2645, USD/JPY @ 151.34, EUR/INR @ 90.37, GBP/INR @ 105.38, JPY/INR @ 55.07. Gold@2173, Brent Crude @ 86, Nifty @ 22038(-55), 10 Year G-SEC @ 7.09%.
Hedging:
USDINR receivables can be hedged .
Eur receivables can be hedged . GBPINR receivables ca
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