• By Goodwill
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  • June 6, 2024

FX RATES AND USDINR FWDS :

Major developments:

USD is now at 83.46. USDINR opened at 83.40. Fwd premia – 1 year fwd premia is at 1.61% p.a.
 
-US employment data is the crucial event for the week.
 
RBI rates
Trade Date 1 USD 1 GBP 1 EURO 100 YEN
5-Jun-24 83.39 106.45 90.67 53.53
-USDINR is at 83.46.Prior day’s close was 83.44.
-Indian Equity indices climb.
 
-Indian 10 year G-SEC yield is at 7.042.
-USDINR 1 yr fwd premia is at 1.61%.
USDINR @ 83.46, EUR/USD@ 1.0886, GBP/USD @ 1.2794, USD/JPY @ 155.94, EUR/INR @ 90.85, GBP/INR @ 106.77, JPY/INR @ 53.53. Gold@2366, Brent Crude @ 79, Nifty @ 22873(+250), 10 Year G-SEC @ 7.02%.
Hedging:
USDINR receivables can be hedged now.
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