• By Goodwill
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  • May 30, 2024

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.40. USDINR opened at 83.42. Fwd premia – 1 year fwd premia is at 1.67% p.a.
-US Personal income, spending and Core PCE data are important data releases for the week.
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
29-May-24 83.33 106.32 90.42 53.04
-USDINR is at 83.40.Prior day’s close was 83.39.
-Indian Equity indices decline.
-Indian 10 year G-SEC yield is at 7.01%.
-USDINR 1 yr fwd premia is at 1.67%.
USDINR @ 83.41, EUR/USD@ 1.0792, GBP/USD @ 1.2691, USD/JPY @ 157.16, EUR/INR @ 90.10, GBP/INR @ 105.85, JPY/INR @ 53.07. Gold@2334, Brent Crude @ 83, Nifty @ 22595(-110), 10 Year G-SEC @ 7.01%.
Hedging: USDINR receivables can be hedged at 83.40.
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