FX RATES AND USDINR FWDS :
Major developments:
USD is now at 83.43. USDINR opened at 83.46. Fwd premia – 1 year fwd premia is at 1.58% p.a.
-Rupee and Equity markets recover from y’day’s fall.
-US employment data is the crucial event for the week.
RBI rates
Trade Date | 1 USD | 1 GBP | 1 EURO | 100 YEN |
4-Jun-24 | 83.5 | 106.86 | 91.02 | 53.52 |
3-Jun-24 | 83.07 | 105.8 | 90.15 | 52.81 |
-USDINR is at 83.43.Prior day’s close was 83.49.
-Indian Equity indices climb steeply.
-Indian 10 year G-SEC yield is at 7.04%.
-USDINR 1 yr fwd premia is at 1.58%.
USDINR @ 83.43, EUR/USD@ 1.0879, GBP/USD @ 1.2782, USD/JPY @ 155.99, EUR/INR @ 90.75, GBP/INR @ 106.63, JPY/INR @ 53.48. Gold@2330, Brent Crude @ 77.80, Nifty @ 22385(+510), 10 Year G-SEC @ 7.04%.
Hedging:
USDINR payables can be hedged now.
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