• By Goodwill
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  • June 5, 2024

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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